Summary
Federal Court of Claims accepts market value approach to valuing failed thrift in Winstar case, and rejects Gordon Growth model for failing to account for bank’s unstable earnings and its alternative investment opportunities in a “non-breach” world.
AmBase Corp. v. United States
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See Also
Market Value Approach Better Than Gordon Growth for Failed Bank
Federal Court of Claims accepts market value approach to valuing failed thrift in Winstar case and rejects Gordon growth model for failing to account for bank’s unstable earnings and its alternative investment opportunities in a “non-breach” world.