1st Home Liquidating Trust v. United States

OPINION and ORDER

SMITH, Senior Judge.

This case arises out of the Winstar line of cases, the background of which is well described in United States v. Winstar Corp., 518 U.S. 839, 116 S.Ct. 2432, 135 L.Ed.2d 964 (1996), and the cases leading to it. The facts of this case differ slightly from most of the other Winstar-related eases. In most of the other cases, healthy thrifts were encouraged to acquire financially troubled thrifts. See, e.g., Winstar Corp., 518 U.S. at 847, 116 S.Ct. 2432. However, in this case outside investors were used instead of a healthy thrift. A $32.5 million investment…