Long Island Savings Bank et al. v. U.S.(breach of contract)
Publication: Corporate Counsel
Publication Date: 01-JAN-06
Author: Dasgupta, Denali K.
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The United States Court of Federal Claims on September 15 awarded The Long Island Savings Bank $436 million in damages in a breach of contract suit against the federal government. The suit stemmed from the bank's takeover of an ailing savings and loan in the 1980s.
Long Island acquired Suffolk County Savings & Loan in 1983....
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