Hawaii gas ruling [US SC] News
Hawaii gas ruling [US SC]

Lingle v. Chevron USA, Supreme Court of the United States, Justice O'Connor, May 23, 2005 [ruling that the state of Hawaii did not overstep its authority by imposing caps on the rent paid by dealer-run gas stations in an effort to keep gas prices stable]. Excerpt:

For the foregoing reasons, we conclude that the "substantially advances" formula announced in Agins is not a valid method of identifying regulatory takings for which the Fifth Amendment requires just compensation. Since Chevron argued only a "substantially advances" theory insupport of its takings claim, it was not entitled to summary judgment on that claim.

Read the full text of the opinion here [PDF]. Reported in JURIST's Paper Chase here.