Judge Boots $52M Winstar Suit On Remand

Law360, New York (April 13, 2011, 7:38 PM EDT) -- A federal judge on Tuesday nixed the remaining claims in a long-running suit against the U.S. over broken agreements made during the savings and loan crisis in the 1980s, leaving bank shareholders empty-handed after an appeals court tossed a previous $52 million judgment.

Judge Loren A. Smith of the U.S. Court of Federal Claims rejected claims for $6.8 million in rescission and restitution by shareholders of the former Benjamin Franklin Federal Savings and Loan Association, following the U.S. Court of Appeals for the Federal Circuit's decision...
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