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Federal Court Affirms $1 Billion Breach of Contract Award in Oil and Gas Lease Cases

National Law Journal (subscription req’d): “The U.S. Court of Appeals for the Federal Circuit affirmed a $1 billion damages award by the U.S. Court of Federal Claims for the government’s breach of oil and gas leases held by 11 companies — what court watchers say may be the largest single award by the claims court in its 150-year history.

Also, in a trio of cases, a three-judge panel of the Federal Circuit resolved a crucial issue largely in favor of nuclear utilities in the spent-fuel battle with the government, which is likely to boost damages awards in the 40 to 50 cases still pending.”

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