Fed. Circ. Punts DC Airport Toll-Vs.-Tax Suit To 4th Circ.

Law360, New York (December 12, 2012, 7:06 PM EST) -- The Federal Circuit on Wednesday punted to the Fourth Circuit the question of whether Washington's airport regulator is illegally using road tolls to pay for a future rail extension to Dulles International Airport, finding it lacked jurisdiction to rule.

The court found that the Metropolitan Washington Airport Authority, a joint Maryland-Virginia agency, is not a federal body because it lacks the power to act on behalf of the government outside of its role as overseer of D.C.'s two airports. That means the Federal Circuit doesn't have...
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.