A federal court has refused to decide a case brought by the Owner-Operator Independent Driver Association against New Prime, Inc.
According to an OOIDA press release, the U.S. Court of Appeals for the Eighth Circuit ruled that owner-operators who signed leases prior to Jan. 1, 1996, could not prosecute their claims under the federal truth-in-leasing regulations against New Prime Inc. in federal court without imposing impermissible retroactive effects.
All leases involved in the litigation were executed prior to Jan. 1, 1996, the effective date of the Interstate Commerce Commission Termination Act. OOIDA's attorneys are reviewing the Eighth Circuit ruling and will "almost certainly seek further review of this decision," said OOIDA president Jim Johnston. Further review is potentially available before the Eighth Circuit itself and at the U.S. Supreme Court.
According to an OOIDA press release, the U.S. Court of Appeals for the Eighth Circuit ruled that owner-operators who signed leases prior to Jan. 1, 1996, could not prosecute their claims under the federal truth-in-leasing regulations against New Prime Inc. in federal court without imposing impermissible retroactive effects.
All leases involved in the litigation were executed prior to Jan. 1, 1996, the effective date of the Interstate Commerce Commission Termination Act. OOIDA's attorneys are reviewing the Eighth Circuit ruling and will "almost certainly seek further review of this decision," said OOIDA president Jim Johnston. Further review is potentially available before the Eighth Circuit itself and at the U.S. Supreme Court.
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