First Annapolis Takes $14M S&L Merger Ruling To High Court

Law360, New York (January 27, 2012, 5:38 PM EST) -- First Annapolis Bancorp Inc. this month asked the U.S. Supreme Court to review the Federal Circuit's decision to overturn a $13.7 million breach of contract ruling against the U.S. over broken goodwill agreements made to facilitate a bank merger during the 1980s savings and loan crisis.

In a Jan. 17 petition, the bank argues that the Federal Circuit erred when it ruled that because First Annapolis did not exist when its predecessor banks first negotiated agreements with the Federal Home Loan Bank Board, it did not...
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