CIT Rejects US Reconsideration Motion in Customs Bond Penalty Suit
The Court of International Trade on May 28 denied the government's motion for partial reconsideration in its customs bond penalty case against surety company Aegis Security Insurance. After the court previously said the U.S. violated an implied contractual term of…
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reasonableness in waiting eight years to demand payment on a customs bond, the government claimed it couldn't reasonably anticipate this would be an issue in this case. Judge Stephen Vaden said the U.S. was clearly on notice this was an issue and, as a result, waived any claims regarding the reasonable time requirement.