United States v. Imperial Food Imports, and American Motorists Insurance Company

How courts have described this case

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

• holding that government should be compensated for lost use of the money due because “[i]t would be inequitable and unfair for the government to make an interest-free loan of this sum from the date of final demand to the date of judgment”
• a one year delay was found hot extreme; pre-judgment interest awarded from the date of final demand
• liquidated damages were reasonable where it equalled the value of the involved merchandise plus estimated duties
• award of pre-judgment interest from the date of final demand was not an abuse of discretion
• nonpayment of estimated duties “would amount to an interest-free loan of the money owing to the [g]overnment from the due dates for payment until recovery” and that “as a matter of equity and fairness, the United States should be compensated for the loss of the use of the money due”

Source: CourtListener parenthetical corpus (CC0).