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kd300x kd300x
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6 years ago
Third Party Beneficiary. John Castle and Leonard Harlan, who headed Castle Harlan, Inc, an investment firm, entered into an agreement with the federal government to buy Western Empire Federal Savings and Loan. Under the agreement, Castle Harlan was to invest a nominal amount in the bank and arrange for others to invest much more, in exchange for, among other things, a promise that for two years, Western Empire would not be subject to certain restrictions in federal regulations. The government's enforcement of other regulations against Western Empire led to its going out of business. Castle, Harlan, and the other investors filed a suit in the U.S. Court of Federal Claims against the government, alleging breach of contract. The government filed a motion to dismiss all of the plaintiffs except Castle and Harlan, on the ground that the others did not sign the contract between the government and Castle and Harlan. Is the government correct? Should the court dismiss the claims brought by the other investors? Why or why not?
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whitneyracquelwhitneyracquel
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