Citizens Federal Bank v. United States
Court of Appeals for the Federal Circuit
1Opinion of the Court
FRIEDMAN, Senior Circuit Judge.
This is a Winstar related case in which the Court of Federal Claims held that the government had breached an agreement with a savings and loan company that the latter could use a particular method of accounting in determining its capital for regulatory purposes, and awarded damages of approximately $18,600,000. In its appeal the government has challenged only the award of damages. It contends that the breach of the agreement did not cause the injury for which the plaintiffs were awarded damages. We affirm.
I
A. The facts relating to the financial problems of the…
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