Summary
Court finds bank expert fails to prove federal legislation caused bank’s lost profits in breach of contract/Winstar case, when a variety of external and internal factors forced bank to shrink assets and divest risky portfolio.
Northeast Savings, F.A. v. United States
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See Also
Experts Face ‘Formidable Hurdle’ in Proving Lost Profits for Failed Banks
Court finds bank expert fails to prove federal legislation caused bank’s lost profits in breach of contract/Winstar case, when a variety of external and internal factors forced bank to shrink assets and divest risky portfolio.