[Download] "Glendale Federal Bank v. United States" by Federal Circuit U.S. Court of Appeals * Book PDF Kindle ePub Free
eBook details
- Title: Glendale Federal Bank v. United States
- Author : Federal Circuit U.S. Court of Appeals
- Release Date : January 16, 2001
- Genre: Law,Books,Professional & Technical,
- Pages : * pages
- Size : 70 KB
Description
Appealed from: United States Court of Federal Claims Senior Judge Loren A. Smith The issue in this case is how to measure the damages sustained by savings and loan institutions as a result of the breach by the United States of contracts it made with these organizations during the savings and loan crisis of the late 1970s and early 1980s. In Winstar Corp. v. United States, 64 F.3d 1531 (Fed. Cir. 1995), this court upheld the judgment of the Court of Federal Claims holding the United States liable for breach of contract as a consequence of the enactment of the Financial Institutions Recovery, Reform and Enforcement Act. The judgment of this court was affirmed by the Supreme Court, Winstar Corp. v. United States, 518 U.S. 839 (1996), and the matter was remanded to the Court of Federal Claims for a trial on damages. The trial in this case, the first of more than 120 Winstar-related cases, ultimately took more than 150 days conducted over a period of fourteen months, and produced more than 20,000 pages of trial transcript. The trial court made a conscious decision that the trial in this case would serve to air and test many of the models and theories at issue in most of the other cases. We have the benefit of a carefully reasoned and extensive opinion from the trial judge.