United States Federal Circuit

In a case involving the calculation and payment of segment closing adjustments associated with a corporation's sale of certain business units that included the transfer of defined benefit pension plans, the decision of the United States Court of Federal Claims granting summary judgment in favor of the corporation is affirmed, where: 1) the Claims Court did not err by calculating segment closing adjustments based on the assets and liabilities of the entire segment, rather than only the assets and liabilities that the corporation retained; and 2) the Claims Court correctly determined that the corporation's segment closing obligations could be satisfied by the cost savings realized by the government in the successor contracts.

Appellate Information

• Decided 01/26/2012
• Published 01/26/2012

Judges

Court

• United States Federal Circuit

Counsel

• For Appellant:
  
• Alexander F. Wiles, C. Coleman Bird