Tuesday, November 30, 2004

Fourth Circuit reversed in Truth in Lending Act case

In Koons Buick Pontiac GMC, Inc. v. Nigh, the U.S. Supreme Court reversed the Fourth Circuit in a case under the federal Truth in Lending Act, on the issue of whether a statutory cap on damages survived a less than nifty amendment to the Act. The Fourth Circuit said no, the majority of the Supreme Court said yes, the cap remains.

Donald Ayer from Jones Day argued for the petitioner, Hugo Blankingship, III argued for the respondent.

No comments: