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Show Them the Money: ASBCA Finds Govt Claims Untimely When Contractor Provided Cost Impact Analyses

Client Alert | 1 min read | 06.05.13

In Raytheon Corp. (April 22, 2013), the most recent in a string of CDA statute of limitations cases barring untimely government claims (discussed here, here, here, and here), the ASBCA dismissed the government's CAS-based claims relating to 3 out of the 4 accounting practice changes at issue, reminding contractors of the importance of complying with the regulatory requirement to provide timely estimates of the impacts of accounting changes. The Board allowed one claim to proceed "where Raytheon only reported the fact of a change, not the implications of it or other data" from which the Government could have concluded it had a claim, but dismissed as untimely 3 claims because Raytheon had provided cost impact information more than 6 years prior to the final decision asserting a Government claim, noting that "[c]laim accrual does not depend on the degree of detail provided, whether the contractor revises the calculations later, or whether the contractor characterizes the impact as 'immaterial,'" but is pegged instead to when the contractor "notified the Government of a specific, adverse cost impact flowing from [the change]."


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Client Alert | 7 min read | 09.26.24

Banks and Financial Service Providers Take Note: EU Law on Greenwashing and Social-Washing Is Changing – And It Is Likely Going to Have a Wide Impact

The amount of litigation regarding environmental and climate change issues is, perhaps unsurprisingly, growing worldwide.[1] A significant portion of that litigation relates to so-called ‘greenwashing’, ‘climate-washing’ or ‘social-washing’ disputes. In other words, legal cases where people or organisations (often NGOs and consumer groups) accuse companies, banks, financial institutions or others, of making untrue statements. They argue these companies or financial institutions are pretending their products, services or operations are more environmentally-friendly, sustainable, or ethically ‘good’ for society – than is really the case. Perhaps more interestingly, of all the litigation in the environmental and climate change space – complainants bringing greenwashing and social washing cases have, according to some of these reports, statistically the most chance of winning. So, in a nutshell, not only is greenwashing and social washing litigation on the rise, companies and financial institutions are most likely to lose cases in this area....