$5M Union Pacific Derailment Suit Not Timely, Judge Rules

Law360, New York (October 17, 2012, 8:07 PM EDT) -- A U.S. Court of Federal Claims judge ruled Tuesday that the statute of limitations had passed on a $5 million suit brought by Union Pacific Railroad Co. over a U.S. government railway modification that caused a Union Pacific train derailment in 2003.

U.S. Court of Federal Claims judge Charles F. Lettow ruled the six-year statute of limitations had passed on the breach of contract suit, which alleges the U.S. Army Corps of Engineers violated a 1959 construction agreement with Union Pacific predecessor Missouri Kansas & Texas...
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.