SMDfund, Inc. v. Fort Wayne-Allen County Airport Authority

How courts have described this case

Verbatim parenthetical descriptions written by other courts when citing this decision. Ranked by citation-network relevance.

• concluding that airport authority had established prejudice caused by delay where it issued bonds, incurred debt exceeding $44,000,000, and entered into leases and contracts, some of which extend for sixty-eight years into the future
• holding plaintiffs’ claim that airport authority was improperly constituted brought seventeen years after its formation was barred by doctrine of laches
• holding that party, who waited seventeen years after an airport authority was enacted by statute, to raise a challenge that the airport authority was improperly constituted would be charged with knowledge of the airport authority and its activities “by virtue of their public nature”
• noting that injunction is an equitable remedy
• “Because this action [for declaratory judgment] is equitable, laches may operate to bar the claim.”
• laches requires “inexcusable delay in asserting a known right”

Source: CourtListener parenthetical corpus (CC0).