Former landowners awarded millions --
A federal judge has recommended a $34.3 million award to a group of former landowners in Western Kentucky whose property was taken to create a World War II-era military training post. Judge Susan Braden of the U.S. Court of Federal Claims in Washington, D.C., recommended that Congress appropriate at least $34,303,980 in restitution for land and mineral rights lost by the landowners when the government appropriated their land to create Camp Breckinridge. Click here to read the opinion.
Braden issued a 53-page ruling on April 18, 2008, saying the amount represents only 27 percent of the $127 million benefit the government received from taking the land and mineral rights. "In considering this recommendation, Congress should be mindful that the entire amount of revenue that the Government received for the lease and sale of these rights is unknown, because the Government failed to produce or destroyed relevant documents that would verify the correct amount," Braden wrote.
A team of Wyatt lawyers represents the over 1,000 landowners and heirs in the case.
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Houchens Acquires Interest in Stephens Pipe & Steel, LLC --
Houchens Industries, Inc. has acquired a 50% interest in Stephens Pipe & Steel, LLC, a full service fence materials distributions company headquartered in Russell Springs, Kentucky.
“Stephens Pipe & Steel is the largest domestically owned fence distributor in the United States. It has 9 locations and over 900 employees. We are very impressed with the management team and are glad to have the opportunity to invest in another Kentucky-based company,” said Spencer Coates, President of Houchens.
Wyatt served as counsel to Houchens on the transaction.
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