Winstar Bank Claims Lost Profits During Contract; Feds Argue FMV at Breach

Business Valuation UpdateVol. 16 No. 5
Legal and Court Case Update
May 2010

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6211 Security Brokers, Dealers, and Flotation Companies
523110 Investment Banking and Securities Dealing
winstar
Anchor Savings Bank v. United States
2010 WL 786578 (C. A. Fed.)
March 10, 2010
US
Federal Court
Federal Circuit
United States Court of Appeals
Adrian Wager-Zito, Brian A Mizoguchi, Debra Satinoff Clayman, Delisa M Sanchez, Edwin L Fountain, Erin M Fishman, Geoffrey S Irwin, George T Manning, Gregory A Castanias, Hashim M Mooppan, Jeanne E Davidson, John J Todor, Kenneth M Dintzer, Michael A Car
Bryson

Summary

Federal court confirms damages award in Winstar case based on lost profits of a company that bank was forced to divest as a result of the government’s breach.

See Also

Anchor Savings Bank v. United States

Full Text of Court Cases
March 10, 2010

Federal court confirms damages award in Winstar case based on lost profits of a company that bank was forced to divest as a result of the government’s breach.

This article also appears in:
Business Valuation UpdateVol. 16 No. 5
The Comprehensive Guide to Economic Damages, Seventh Edition