We have represented numerous clients in assessing the validity of governmental actions under the Takings Clause of the Fifth Amendment. We have prepared such analyses for pharmaceutical companies, financial institutions, the music industry, commercial fishing enterprises, the cable industry, the mining industry, helium producers, telecommunications companies, and others. Representative cases include:
- AmBase Corporation v. United States
We represented AmBase Corporation in a takings claim against the United States. The case arises out a governmental breach of contract that caused AmBase to lose its entire property interest in its wholly-owned subsidiary, Carteret Bancorp. The case resulted in a $205 million trial verdict.
- St. Bernard Parish v. United States
We represent public and private real property owners in a large class action against the United States alleging that the U.S. Army Corps of Engineers’ construction, operation, maintenance, and dredging of the 76-mile long navigational channel connecting the Gulf of Mexico and the Port of New Orleans caused severe flooding on their properties during Hurricanes Katrina and Rita for which the Fifth Amendment requires just compensation.
- Fairholme Funds v. Federal Housing Finance Agency
We represent a mutual fund and a number of insurance companies challenging the validity of the nationalization of Fannie Mae and Freddie Mac. The suits challenge the government’s arrogation of 100 percent of the companies’ profits for itself in contravention of FHFA’s and Treasury’s statutory authority, binding contractual commitments, and the takings clause of the Fifth Amendment. To date, the government has benefited by over $130 billion from its illegal conduct.