Contractor Claims Can't Trump Time Limits, Fed. Circ. Says

Law360, New York (May 31, 2012, 7:41 PM EDT) -- The Federal Circuit on Thursday overturned an award of damages to a flooring company that sued the U.S. government over unpaid bills, saying in a precedential opinion that there are no exceptions to a statute of limitations on such contract claims.

Kentucky-based FloorPro Inc. last year triumphed in a $40,000 case that marked a rare legal victory against Uncle Sam for a subcontractor, which typically can sue only if it's clear they were an intended third-party beneficiary of a government pact with a prime contractor....
To view the full article, register now.

UK Financial Services

UK Financial Services

Read Our Latest UK Financial Services Coverage

Financial Services Law360 UK provides breaking news and analysis on the financial sector. Coverage includes UK and European Union policy, enforcement, and litigation involving banks, asset management firms, and other financial services organizations.