Austin Can't Avoid Developer's Flood Takings Claim

Law360, Dallas (April 30, 2013, 6:20 PM EDT) -- A Texas appeals court said Tuesday that the city of Austin can’t dodge claims from a developer that a street renovation project caused such severe flooding that the developer's property became useless, constituting a nuisance and governmental taking.

GHI Investments LLC owns property in east Austin adjacent to a road-widening and improvement project the city launched, and sued alleging that drainage plans for that project and a later expansion of an H-E-B grocery store didn’t meet typical city standards, leading to repeated flooding that effectively renders...
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.