Washington Mutual Wins $382M In S&L Case

Law360 (March 17, 2008, 12:00 AM EDT) -- The U.S. government has lost yet another case stemming from the savings and loan collapse of the late 1980s and has been ordered to pay Washington Mutual Savings Bank Inc. $382 million in damages.

In an opinion handed down on March 14, Judge Lawrence J. Block of the U.S. Court of Federal Claims ordered the government to pay Washington Mutual subsidiary Anchor Savings Bank a total of $382 million in damages.

The court found that a law passed in the wake of the savings and loan...
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