Andrews' Bank & Lender Liability Litigation Reporter
April 18, 2002
Copyright (c) 2002 Andrews Publications
FAILED BANK SHAREHOLDERS LOSE CLAIM FOR LOST PROFITS AND RESTITUTION
Suess v. United States
The former shareholders of a bank seized by the Office of Thrift Supervision following the passage of FIRREA cannot recover damages for lost profits and restitution, the Court of Federal Claims has held. The plaintiffs were awarded the franchise...