Department of Justice Seal

FOR IMMEDIATE RELEASE

CIV

FRIDAY, OCTOBER 1, 1999

(202) 514-2007

WWW.USDOJ.GOV

TDD (202) 514-1888


DEPARTMENT OF JUSTICE STATEMENT

JUDGE ISSUES OPINION IN SAVINGS AND LOAN GOODWILL CASE


Today, U.S. Court of Federal Claims Judge Erik Bruggink issued an opinion in a case that is part of the series of cases known as the savings and loan goodwill cases. Judge Bruggink awarded a Chicago-based bank, LaSalle Talman Bank, approximately $5 million. LaSalle had sought more than $1.2 billion during the one-month trial before Judge Bruggink.

Today's decision, awarding $5,008,700 in LaSalle Talman Bank, F.S.B. v. United States, is the third issued in the series of cases, following California Federal Bank v. United States and Glendale Federal Savings Bank v. United States.

"We are pleased with today's decision," said David W. Ogden, Acting Assistant Attorney General of the Civil Division. "Although we are still reviewing the opinion, the outcome is fully consistent with the position we have advanced in these cases."

####

99-463