Landowners Ask High Court To Revive $4M Takings Case

Law360, New York (February 1, 2013, 8:33 PM EST) -- The estates of two Nevada ranch owners are asking the U.S. Supreme Court to hear their appeal of a Federal Circuit decision vacating a $4.2 million damages award over an alleged government taking of property rights, arguing that a 150-year-old land law entitles them to relief.

The U.S. Forest Service is ignoring the rights of property owners under the Act of July 26, 1866, which allows landholders to maintain resource use without seeking interference from federal agencies, according to a petition for writ of certiorari filed...
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.