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Rush to judgment - FAR Councils propose daily compounding of interest for TINA violations

  • Sheppard Mullin Richter & Hampton LLP
  • -
  • USA
  • -
  • November 11 2010

We previously noted DCAA’s hasty implementation of the Court of Appeals for the Federal Circuit’s (“CAFC’s”) decision in Gates v. Raytheon Co., 584 F.3d 1062 (Fed. Cir. 2009), requiring daily compounding of interest on adjustments made to rectify Cost Accounting Standards (“CAS”) noncompliances