Pelican vindicated, but not compensated by court ruling

Hoeschen, Brad L.F.
July 1996
New Orleans CityBusiness (1994 to 2008);7/29/96, Vol. 17 Issue 4, p19
Reports on a US Supreme Court ruling that the federal government breached a contract with thrifts nationwide by changing accounting practices. Implications of the ruling for the defunct Pelican Homestead & Savings Association; Details of Pelican's financial failure; Banning of the goodwill accounting practice by the Federal Institutions Reform Recovery and Enforcement Act (Firrea).


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