Southeast Bank v. United States

ORDER

NETTESHEIM, Judge.

Defendant has cross-moved for computation of the amount of judgment to be entered for plaintiffs Southeast Bank of Orlando, et al. (“plaintiffs”), successor trustees to Sun First National Bank of Orlando. In opposing defendant’s computation, plaintiffs urge that the amount of judgment should not be reduced as defendant requests.

FACTS

In 1979 the Court of Claims issued its decision in Sun First National Bank v. United States, 221 Ct.Cl. 469, 607 F.2d 1347 (1979), holding that the amount of gain on the sale of stock paid to a trust following the death of an income…