Federal Circuit Compounds Contractors' Interest Problems
Client Alert | 1 min read | 03.04.11
Over the vigorous dissent by several judges, the Federal Circuit on March 1, 2011, denied a petition for en banc review of its decision in Gates v. Raytheon, 584 F.3d 1062 (Fed. Cir. 2009), which held that, because the Cost Accounting Standards (CAS) statute requires interest on cost impacts for CAS violations to be calculated at the rate established under 26 U.S.C. § 6621, the interest must be compounded in accordance with 26 U.S.C. § 6622, even though the CAS statute does not refer to or incorporate § 6622 by reference. As we reported on September 24, 2010, the same interest rate is referenced in the Truth in Negotiations Act (TINA), and a proposal is pending to amend the FAR to require compound, rather than simple, interest to be used in calculating damages for TINA violations.
Insights
Client Alert | 2 min read | 04.10.26
On April 7, 2026, six federal agencies (FBI, CISA, NSA, EPA, DOE, and U.S. Cyber Command – Cyber National Mission Force) published a joint advisory warning that Iranian-affiliated threat actors are targeting internet-facing OT devices, particularly PLCs. In some cases, the threat actors have caused operational disruptions and financial losses at U.S. critical infrastructure organizations by manipulating software files that contain configuration settings as well as showing false data on hardware and software dashboards and displays.
Client Alert | 4 min read | 04.09.26
Client Alert | 2 min read | 04.09.26
OMB Issues New Policy on Federal IT Transparency and Acquisition Oversight
Client Alert | 3 min read | 04.09.26
Preserve It or Lose It: A Missing Jury Instruction Costs Columbia University $94M in Damages
