Government Ordered To Pay $276 Million To Bank Shareholders

WASHINGTON, D.C. - In an unpublished opinion, the U.S. Court of Federal Claims on Dec. 15 ordered the U.S. government to pay back $276 million to a class of Meritor Savings Bank shareholders in a case in which the government was alleged to have breached an agreement with Meritor when it acquired Western Savings Fund Society (Frank P. Slattery Jr., et al. v. USA, No. 93-00280, Fed. Clms.). View today's headlines and listen to the latest podcast at www.lexisnexis.com/legalnews Do you have news to share? Interested in writing a commentary article? Email the Mealey News Desk at Mealeys@LexisNexis.com Full story on lexis.com