Word: contractive
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...University could face damages of up to $34 million plus accumulated interest for breach of contract, but because Shleifer and Hay were found to have violated the Act, they may still face damages of up to $102 million plus interest each...
...government argues that Harvard should be liable for the entire value of the contract because conflicts of interest tainted the project...
...court’s conclusion that at no time did Harvard know of or engage in any fraudulent conduct, a position which Harvard has been asserting to the government since the inception of the lawsuit,” he said. “As to the breach of contract claim, even that is a function of conduct of which the University was unaware...
Harvard asserts that despite the breach of contract claim, its work in Russia was still valuable and thus it should not be subject to repayment of the entire $34 million grant...
...likelihood any damages assessed against Harvard for the contract violation would be only a fraction of the damages originally sought by the government,” the University said in a statement...