American Savings Bank v United States

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April 1, 2011

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breach of fiduciary duty
American Savings Bank v United States
2011 WL 1206472 (Fed.Cl.)
US
Federal Court
Federal
United States Court of Federal Claims
Antonio Ramirez Jr. (plaintiff); Terry Musika, Dr. Anjan V. Thakor, and Dr. William G. Hamm (defendant)
Smith

Summary

Federal Court of Claims awards $83.3 million in lost profits based on bank’s analysis of the growth it would have achieved, based on historic performance and business plans, but for government’s enactment of FIRREA.
American Savings Bank v United States
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June 2011

Federal Court of Claims awards $83.3 million in lost profits based on bank’s analysis of the growth it would have achieved, based on historic performance and business plans, but for government’s enactment of FIRREA.