GLENDALE, Calif - Glendale Federal Bank said it has asked the U.S. Court of Appeals for the Federal Circuit to reconsider its 2-to-1 ruling that overturned a lower court's finding of breach of contract by the government against the thrift.

In asking for a hearing before the full court, the troubled thrift said the ruling has "far-reaching implications" because it "authorizes the government to directly abrogate any government contract right, without liability, simply by enacting contrary legislation or regulations."

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