Legal Opinion
First Federal Savings & Loan Ass'n of Rochester v. United States
United States Court of Federal Claims
Decided February 9, 2004No. 95-517 CPublishedCited by 2 opinions
1Opinion of the Court
*668 ORDER
MEROW, Senior Judge.
In a 1986 Financing Agreement, the government acquired the right to purchase stock in First Federal Savings and Loan Association of Rochester (“First Federal”). After the government breached the Agreement, it demanded and received $3 million from First Federal for the release of that right. Questions of breach of contract aside, the court concludes that First Federal does not have a claim for illegal exaction and grants the government’s Motion to Dismiss on that ground.
Background
In this Winstar-related case, First Federal and the Federal Savings and Loan Insurance…
2Cases cited32 opinions
- Conley v. GibsonSupreme Court of the United States · 1957
- Harlow v. FitzgeraldSupreme Court of the United States · 1982
- Scheuer v. RhodesSupreme Court of the United States · 1974
- McNutt v. General Motors Acceptance Corp.Supreme Court of the United States · 1936
- Karen S. Reynolds v. Army and Air Force Exchange ServiceCourt of Appeals for the Federal Circuit · 1988
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3Cited by2 opinions
- First Federal Savings & Loan Ass'n of Rochester v. United StatesUnited States Court of Federal Claims · 2007
- Angel v. United StatesUnited States Court of Federal Claims · 2023