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CITIGROUP, INC. v. U.S.

No. 15-953T.

CITIGROUP, INC., Plaintiff, v. THE UNITED STATES, Defendant.

United States Court of Federal Claims.

October 24, 2018.

Editors Note
Applicable Law: 28 U.S.C. § 1491
Cause: 28 U.S.C. § 1491 Tucker Act
Nature of Suit: 210 Tax - Income, Corporate
Source: PACER

Attorney(s) appearing for the Case

CITIGROUP, INC., and Subsidiaries, including Citibank, N.A. as successor in interest to Glendale Federal Bank, FSB, Plaintiff, represented by Jean Ann Pawlow , Latham & Watkins, LLP.

USA, Defendant, represented by Benjamin C. King, Jr. , U. S. Department of Justice Tax Division, Claims Court Section.

OPINION

This case concerns the tax consequences of a damages award paid by the federal government to plaintiff in connection with the savings and loan crisis of the 1970s and `80s. The courts, and this court in particular, wrestled for several decades with the fallout from the federal regulators' and later...

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