- 10 - price $183,750, closing costs $692.20), with a purchase-money mortgage in the amount of $147,000, a term of 4 years, and an interest rate of 8-1/2 percent. Laney did not make any principal payments on the mortgage, but he made $46,856.25 in interest payments.5 Laney intended to house 40,000 primates on the Island to be used by pharmaceutical companies to test drugs and for AIDS research. Laney filed for appropriate permits from the Army Corps of Engineers and a Florida agency. He eventually received the Florida agency permit, but not the Army Corps of Engineers permit. He sued in the United State Court of Claims,6 which denied both sides’ summary judgment motions and remanded the case for trial. In the meanwhile, Laney could not make mortgage 5 Also, Laney paid at least the following amounts in connection with R.K.: (a) $9,673.14 in property taxes, (b) $24,334.45 in engineering and consulting fees, (c) $28,550.22 in legal fees, (d) $270.50 for permits, and (e) $1,326.74 for services. 6 The Federal Courts Improvement Act of 1982, Pub. L. 97- 164, 96 Stat. 25, merged the United States Court of Claims into the newly created Court of Appeals for the Federal Circuit and, in effect, reconstituted the trial division of the Court of Claims into a newly created United States Claims Court, a so- called Article I court. More recently, the United States Claims Court was renamed the United States Court of Federal Claims. Federal Courts Administration Act of 1992, Pub. L. 102-572, sec. 902(a)(1), 106 Stat. 4506, 4516. These changes in status and name do not affect the substance of any action for purposes of the instant opinion. In order to avoid the confusions attendant on name and status changes during the course of Laney’s damages litigation, we will generally refer to the forum for that litigation as the Court of Claims.Page: Previous 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 Next
Last modified: May 25, 2011