Counsel for the plaintiffs retained Cornerstone Research to estimate damages in a breach of contract suit brought against the U.S. government. Retained by Latham & Watkins Counsel for the plaintiffs retained Cornerstone Research to estimate damages in a breach of contract suit brought against the U.S. government. The plaintiffs owned low-income apartment properties with mortgages insured by the Department of Housing and Urban Development (HUD). The insurance contract stipulated that the plaintiffs could prepay the mortgages and convert the rents from HUD-restricted levels to market rates after twenty years. Subsequently, Congress passed legislation prohibiting the exercise of this contractual right. The court ruled in our clients’ favor and adopted the damages model. Cornerstone Research w

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