Two conflicting U.S. Court of Federal Claims decisions assessing damages owed by the government to the savings and loan industry have left attorneys representing New York-based thrifts in similar litigation scratching their heads.
Though looked to as potential benchmarks, the two recent decisions, Glendale Federal Bank v. U.S., 1999 U.S. Claims Lexis 70, and California Federal Bank v. U.S., No. 92-138c, are hard to reconcile because they differed widely in both the amount of damages awarded and the legal theories applied.
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