Franklin Federal Savings Bank v. United States
Court of Appeals for the Federal Circuit
1Opinion of the Court
DYK, Circuit Judge.
This is a Winstar breach of contract case. See United States v. Winstar Corp., 518 U.S. 839, 116 S.Ct. 2432, 135 L.Ed.2d 964 (1996). The primary question on appeal is whether, under our decision in Admiral Financial Corp. v. United States, 378 F.3d 1336 (Fed.Cir.2004), the thrift entities, Franklin Federal Savings Bank (“Franklin Federal”) and Franklin Financial Group, Inc. (“Franklin Financial”) assumed the risk of regulatory change resulting from the enactment of the Financial Institutions Reform, Recovery and Enforcement Act of 1989 (“FER-REA”), Pub.L. No. 101-73, 103…
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