United States Federal Circuit

The act of freezing a Libyan government agent's assets in the U.S., including stock options, was not a compensable taking, and the Treasury Department's refusal to lift the freeze to allow plaintiff to exercise the options did not convert the act into a compensable taking.

Appellate Information

• Decided 09/13/2002
• Published 09/13/2002

Judges

• BRYSON, Circuit Judge., Before CLEVENGER, RADER, and BRYSON, Circuit Judges.

Court

• United States Federal Circuit

Counsel

• For Appellant:
  
• Edwin Armistead Easterby,Looper, Reed & McGraw, a Professional Corporation, of Houston, TX, argued for plaintiff-appellant.


• For Appellees:
  
• Jeffrey A. Belkin, Trial Attorney, Commercial Litigation Branch, Civil Division, Department of Justice, of Washington, DC, argued for defendant-appellee.   With him on the brief were Stuart E. Schiffer, Acting Assistant Attorney General;  David M. Cohen, Director;  and Mark A. Melnick, Assistant Director.   Of counsel on the brief were Barbara C. Hammerle and Stevenson O. Munro, Office of the General Counsel, Department of the Treasury, of Washington, DC.