Company Must Reimburse Surety for Customs Bond Payment and Legal Fees, CIT Rules
Canadian textile company Tricots Liesse 1983 must pay its surety, Aegis Security Insurance, $768,916.53 along with legal fees for a customs bond payment that Aegis made on Tricots' behalf to cover unpaid duties on textile imports. Tricots must reimburse Aegis…
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after Tricots failed to object to Aegis' motion for a quick ruling on the facts of the case, the Court of International Trade ruled in a Feb. 26 summary judgment. While the bond payment amount is not under dispute, Judge Richard Eaton did not accept Aegis' quote for its legal fees and ordered the surety to provide additional evidence of how much it is owed in attorney's fees, costs and expenses. Aegis initially submitted attorney time sheets on Aegis letterhead, claiming over $92,000 in legal fees that the court deemed did not meet the evidentiary standard for reimbursement. The lawyer for Tricots withdrew from the case Sept. 23, 2020.