Millenium's Surety Appeals CIT Order of Liquidated Damages for Softwood Lumber Violations
XL Specialty Insurance Company is appealing the Court of International Trade’s Jan. 2 ruling ordering payment of $1,826,531.80 in liquidated damages from lumber importer Millenium Lumber Distribution as a result of its failure to obtain export permits from the Canadian government, as required by the Softwood Lumber Agreement. XL Specialty Insurance was Millenium’s surety, and is liable for the damages. The surety is specifically appealing the court’s assessment of prejudgment interest.
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(See ITT’s Online Archives 13010304 for summary of CIT’s decision.)
Email ITTNews@warren-news.com for a copy of the docketing notice.