No Out-Of-Pockets, No Interest
Client Alert | less than 1 min read | 02.10.06
The Federal Circuit in Richlin Security Serv. Co. v. Certoff (Jan. 31, 2006) reaffirmed that a contractor can obtain interest on its recovery from the date of the filing of its claim with the contracting officer, even if the amounts recovered had not yet been incurred, as long as the contractor eventually has out-of-pocket expense. This doomed Richlin's interest request, because only the government made out-of-pocket payments for the Service Contract Act deficiencies it claimed.
Insights
Client Alert | 7 min read | 10.21.26
Securities Law for Entrepreneurs
Do you want your startup to expand and become a major player in your industry? If so, you will most likely need to seek capital from outside investors to help you build infrastructure and fulfill orders.
Client Alert | 4 min read | 10.07.26
Don’t Try to Deny It: Federal Court Holds FCA Settlement is Covered by Insurance
Client Alert | 6 min read | 10.07.26
European Commission Proposes Overhaul of EU Public Procurement Rules
Client Alert | 4 min read | 10.07.26
