United States v. Union Concrete Pipe Co.

WATKINS, District Judge.

This is an action under the Renegotiation Act, 50 U.S.C.A.Appendix, § 1191, Renegotiation Act, § 403 to recover alleged excessive profits on war contracts. Two questions remaining in this case to be decided are (1) the amount of interest to be charged, and (2) the date from which interest should run.

This court has decided both of these questions under similar facts and circumstances. In a well considered opinion, this court, speaking through Judge Moore, decided that the rate of interest to be charged on the excessive profits should be six per cent, and that interest…