GlenFed Ruling
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Golden State Bancorp Inc.’s Glendale Federal Bank unit is expected to learn Friday how much it will win in its $2-billion “supervisory goodwill” lawsuit against the U.S. government. U.S. Claims Court Judge Loren Smith last month suggested he will award Glendale a substantial sum. The government is expected to appeal. The GlenFed decision, the first of its kind, is expected to have major ramifications for more than 100 similar cases.
