Hughes v. United States

OPINION

MEROW, Senior Judge.

This case is one of the numerous Winstar-related cases arising out of the enactment of the Financial Institutions Reform, Recovery, and Enforcement Act of 1989 (“FIRREA”), Pub.L. No. 101-73,103 Stat. 183 (1989). The history of the savings and loan crisis of the early 1980’s which spawned this litigation is discussed in detail in United States v. Wins-tar Corp., 518 U.S. 839, 843-861, 116 S.Ct. 2432, 135 L.Ed.2d 964 (1996) (Winstar III); see also Winstar Corp. v. United States, 64 F.3d 1531, 1536 (Fed.Cir.1995) (Winstar II).

Plaintiffs, El Paso Holding Corporation…