US Got Off Easy In $72M Drilling Case, Fed. Circ. Told

Law360, Washington (December 6, 2013, 7:48 PM EST) -- Nycal Offshore Development Corp. urged a Federal Circuit panel on Friday to allow it to recoup $72 million in lost profits from a government contract to develop oil and gas projects off the California coast, alleging the government had never proved the company couldn't profit from the broken leases.

During oral arguments, Nycal alleged the U.S. Court of Federal Claims had placed the company in a no-win situation by requiring it to prove that it could have secured all of the necessary permits for two offshore...
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