Fed. Circ. Upholds $1.8M Judgment In Lumber Customs Row
Law360, New York (April 14, 2014, 6:13 PM EDT) -- The Federal Circuit on Monday kept Millenium Lumber Distribution Co. Ltd. and XL Specialty Insurance Co. on the hook for more than $1.8 million plus interest, affirming a finding that the lumber company breached U.S. customs bonds on timber shipments from Canada.
In a per curiam ruling, a three-judge Federal Circuit panel affirmed the U.S. Court of International Trade's January 2013 decision that Millenium and XL were liable for about $1.83 million in liquidated damages plus pre-judgment interest starting in 2005, in light of Millenium's alleged failure to obtain export permits for shipments that were subject to the U.S.-Canada Softwood Lumber...
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