Fed. Circ. Nixes Insurer’s Suit Over $12M Navy Contract

Law360, New York (August 3, 2011, 7:57 PM EDT) -- The Federal Circuit ruled Wednesday that the U.S. Court of Federal Claims lacked jurisdiction to hold the federal government liable for damages that Lumbermens Mutual Casualty Co. said it suffered after providing surety bonds for a $12 million U.S. Navy housing contract.

The appeals court reversed the lower court's ruling that the U.S. owed Lumbermens roughly $1.7 million and remanded the case with instructions to toss the insurer's complaint, shutting down Lumberman's effort to recover damages it was ordered to pay after the contractor it insured...
To view the full article, register now.
Law360 Pro Say Podcast
Check out Law360's new podcast, Pro Say, which offers a weekly recap of both the biggest stories and hidden gems from the world of law.