Court of Federal Claims Awards Compensation for Taking of Vested Water Rights

The speed of information on the internet sure is fast.  I was preparing a post summarizing the recent Court of Federal Claims decision in Estate of Hage v. United States, No. 91-1470L (May 6, 2008), which awarded Nevada property owners several million dollars in just compensation for the taking of their vested water rights by the federal government, but Professor Gideon Kanner and the Real Estate and Construction Law Blog both beat me to the punch.

Kanner's commentary on the case, "Posthumous Victory for Hage" is posted here. "Federal Claims Court Awards $4.2M to Ranchers' Estate for Taking of Water Rights" is posted here.

Read the CFC's opinion here.