| Final Joint Statement on the BATFE lawsuit by the NAR/TRA |
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| 2010 Archived News by TRA/NAR Joint Task Force | |
| Tuesday, May 25, 2010 | |
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The amount of fee recovery that we had sought under the limitations of the court decision was $81,498. The DoJ attorneys planned to challenge this amount in detail, which would have forced us into a series of cross-filings and potentially a court hearing, further increasing our legal expenses and postponing an end to this ten-year legal struggle. To avoid this and to bring a prompt end to this issue we have agreed to settle for a recovery of $70,000, which will result in a net of approximately $64,000 after final legal expenses are paid. One half of this amount will go to NAR and one-half to TRA. This represents about ten percent of the amount of your money that we actually spent on winning this case, but getting any fee recovery in a case like this is vindication that the party that defeated the federal government's position was absolutely in the right. We were right, BATFE was wrong, and now it's over. Documents: Stipulation of Settlement and Voluntary Dismissal (26KB Adobe PDF) |
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Well done, all of us.
David Smith, ME
This weekend, be sure to fly something to commemorate "V-W Day" (Victory in Washington)
Bob
God Speed Sir!