Savings Bank Wins a Few, Loses a few Under a Slough of Damages Theories
On Sept. 5, 2002, the court issued a liability opinion holding that the United States, through the enactment of the Financial Institutions Reform, Recovery and Enforcement Act of 1989 (FIRREA), had breached an express contract with Franklin Federal Savings Bank to treat its supervisory goodwill as a regulatory capital asset amortizable over 25 years.
Expectancy Damages Denied to Bank in Winstar Case
The U.S. Court of Federal Claims granted the government's motion for summary judgment denying the bank damages resulting from the enactment of FIRREA.
Fifth Third Bank of Western Ohio v. The United States
The U.S. Court of Federal Claims granted the government's motion for summary judgment denying the bank damages resulting from the enactment of FIRREA. The bank's expert determined expectancy damages by establishing lost profits based on the performance of ...
Franklin Federal Savings Bank v. United States
At issue are claims of damages by the plaintiffs.
Columbia First Bank, FSB v. United States
The U.S. Court of Federal Claims considered the government’s motion for summary judgment on whether Columbia First Bank, FSB (Columbia) could recover its lost supervisory goodwill and lost profits following the enactment of FIRREA. It determined that dama ...
Lost Profits and Supervisory Goodwill Considered
The U.S. Court of Federal Claims considered the government’s motion for summary judgment on whether Columbia First Bank, FSB (Columbia) could recover its lost supervisory goodwill and lost profits following the enactment of FIRREA.