[Claim for Fair-Market Value of Items Retrieved by Navy]
B-247981
Jul 24, 1992
Skip to Highlights
Highlights
A individual claimed reimbursement for the fair market value of national defense devices that the Navy erroneously cataloged and sold to him and subsequently retrieved, contending that he was also entitled to a finder's fee and punitive damages. GAO held that the Navy's original settlement was correct, and the Navy was not responsible for fair-market-value reimbursement, only for the claimant's out-of-pocket expenditures. Accordingly, the claim was denied.