Appeals Court Upholds $55M Damages In S&L Case

Law360, New York (March 10, 2008, 12:00 AM EDT) -- A group of banks has won the latest round in a long-running breach of contract case filed over legislation targeting banks that had snapped up failed savings and loan associations. The banks successfully argued against the U.S. government's appeal of a summary judgment ruling in their favor.

In a decision handed down on March 6, Judge Loren A. Smith of the U.S. Court of Appeals for the Federal Circuit affirmed in part, reversed in part, vacated in part and remanded a decision by the U.S. Court...
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