Glass v. United States

OPINION

MARGOLIS, Senior Judge.

This action was originally filed June 25, 1992, and is one of what have come to be known as the Winstar-Related, Cases. Following the decision of the Supreme Court, in United States v. Winstar Corp., 518 U.S. 839, 870, 116 S.Ct. 2432, 135 L.Ed.2d 964 (1996), that the Financial Institutions Reform, Recovery, and Enforcement Act of 1989 (FIR-REA), Pub.L. No. 101-73,103 Stat. 183, codified, in relevant part, at 12 U.S.C. § 1464 (1990), constituted an implicit breach of contract, Chief Judge Loren A. Smith granted summary judgment for the plaintiffs on the issue of…