Thrifts hurt by the loss of regulatory goodwill can use a lucrative damage theory in stating their claims against the government, a federal judge ruled late Wednesday.

Chief Judge Loren A. Smith of the U.S. Court of Federal Claims ruled that thrifts may assert the so-called "lost-profits" theory of damages to determine how much the government should pay for reneging on the favorable goodwill accounting treatment.

Subscribe Now

Access to authoritative analysis and perspective and our data-driven report series.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.