Legal Opinion
Hughes v. United States
United States Court of Federal Claims
Decided June 9, 2006No. 90-878CPublishedCited by 3 opinions
1Opinion of the Court
OPINION
MEROW, Senior Judge.
This is a Wmsfar-related case. See United States v. Winstar Corp., 518 U.S. 839, 116 S.Ct. 2432, 135 L.Ed.2d 964 (1996). Rising interest rates in the 1980s led to the insolvency of many savings and loan associations also known as thrifts. To attract deposits, thrifts had been paying interest at rates that far exceeded their income stream from mortgage agreements that had been previously entered into at lower rates. Castle v. United States, 301 F.3d 1328, 1332 (Fed.Cir.2002). Liabilities of many of these thrifts exceeded their assets by millions of dollars. Between…
2Cases cited38 opinions
- United States v. Winstar Corp.Supreme Court of the United States · 1996
- Hol-Gar Manufacturing Corp. v. The United StatesUnited States Court of Claims · 1965
- The United States v. Johnson Controls, Inc.Court of Appeals for the Federal Circuit · 1983
- Glendale Federal Bank, Fsb, Plaintiff-Cross v. United StatesCourt of Appeals for the Federal Circuit · 2001
- Bluebonnet Savings Bank, F.S.B., Stone Capital, Inc. (Formerly Known as Cfsb Corporation), and James M. Fail v. United StatesCourt of Appeals for the Federal Circuit · 2001
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3Cited by3 opinions
- First Annapolis Bancorp, Inc. v. United StatesUnited States Court of Federal Claims · 2009
- Astoria Federal Savings & Loan Ass'n v. United StatesUnited States Court of Federal Claims · 2008
- Hughes v. United StatesCourt of Appeals for the Federal Circuit · 2007