Long Island Savings Bank, FSB v. United States

OPINION AND ORDER

LETTOW, Judge.

This Winstar-related ease1 is before the Court on cross-motions for summary judgment on damages.2 Following briefing, a hearing was held on November 25, 2003. Because genuine issues of material fact exist regarding expectancy damages, plaintiffs’ motion is denied and defendant’s motion is denied in part and granted in part.3

BACKGROUND

The Long Island Savings Bank was organized in 1876 as a New York State chartered mutual savings bank. Def.’s App., Ex. 42 at WOQ632 1702 (Long Island Bancorp’s Prospectus (Feb. 14, 1994)). Headquartered in Syosset, New York, the…