Business Services Industry
Judge Rules on Lawsuit by South Carolina Developer against U.S. Government.(Knight Ridder/Tribune Business News)
Knight Ridder/Tribune Business News, March, 2000 by Parker, Jim
Mar. 7--The federal government should pay $21.5 million to a former developer of Kiawah Island resort for reneging on an accounting break for savings and loans, a judge has ruled.
U.S. Court of Claims Judge Robert H. Hodges Jr., a South Carolina native, issued the order in Landmark Land Co.'s lawsuit against the United States.
He heard testimony in the case last fall, including in a conference room converted to a courtroom in Charleston.
The U.S. Department of Justice, which argued the government's case, hailed the ruling. Landmark had asked for $750 million.
David W. Ogden, acting assistant attorney general in charge of the civil division, said he is pleased with the department's success in defeating the inflated claims ad vanced in...
Most Recent Business Articles
- Multiple criteria evaluation and optimization of transportation systems
- Multi-criteria analysis procedure for sustainable mobility evaluation in urban areas
- A two-leveled multi-objective symbiotic evolutionary algorithm for the hub and spoke location problem
- Multi-criteria analysis for evaluating the impacts of intelligent speed adaptation
- The development of Taiwan arterial traffic-adaptive signal control system and its field test: a Taiwan experience
Most Recent Business Publications
Most Popular Business Articles
- 7 tips for effective listening: productive listening does not occur naturally. It requires hard work and practice - Back To Basics - effective listening is a crucial skill for internal auditors
- FAS 109: a primer for non-accountants - Financial Accounting Standards Board's "Statement 109: Accounting for Income Taxes"
- Design a commission plan that drives sales - Sales Commissions
- Too Young to Rent a Car? - 25-years-old the minimum age for car renting - Brief Article
- LIFO vs. FIFO: a return to the basics
