Posted by Traveling Salesman at 9/21/2011 3:50 PM
A press release from Wiley Rein LLP says that the U.S. Court of International Trade (CIT) released its public decision remanding the negative preliminary determination of the International Trade Commission (ITC) in the antidumping investigation of Certain Standard Steel Fastener from the People’s Republic of China and Taiwan. I have a Bachelor’s Degree and an MBA and I still did not know a couple of those words in the press release. If I can bring this down to the street level – I think the CIT has told the ITC to take another look at their decision they made in 2009 because they might have made a mistake or missed something. Or, as Mr. Alan Price of Wiley Rein LLP (counsel to Nucor Fastener Division) stated, “Reversals of ITC preliminary determinations are very rare, and the reversal in the fasteners case demonstrates that the original determination was deeply flawed.” […]
via Fastenerblog.net: Nucor Antidumping Case Back in the News.