Coast Savings Financial Inc. had a problem: It had a chance to sell to thrift industry giant H.F. Ahmanson & Co., but there was the small matter of a lawsuit against the government.

The thrift company is seeking hundreds of millions in damages because of the accounting changes Congress enacted in 1989, and analysts think it has a good case.

Limited Time Offer

Save $400 off your subscription. Special offer ends April 30, 2017.

14-Day Free Trial

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