First Commerce Corp. v. United States

OPINION

HEWITT, Judge.

This case is before the court on plaintiffs1 motion for summary judgment on liability for breach of contract and defendant’s motion to dismiss and cross-motion for summary judgment on liability. Plaintiff First Commerce Corporation (First Commerce) claims that defendant’s passage of the Financial Institutions Reform, Recovery and Enforcement Act (FIRREA) breached defendant’s agreement with First Commerce by requiring First Commerce 1) to deduct immediately all of the goodwill and other intangible assets arising from its acquisition of a financially troubled thrift and 2)…