ITT Federal Support Services, Inc. v. United States

This case, 'before us on the parties’ cross-motions for summary judgment, is a tug of war between a government contractor and the Government over surplus moneys in a pension fund established for the cost-plus contractor’s employees. Three sums are involved: (1) $821,572 in post-contract-termination earnings and profits on the government-reimbursed employer’s share of the pension plan contributions (Sum 1); (2) $89,780 in post- and pre-termination earnings and profits on the employees’ share of the pension plan contributions (Sum 2); and (3) an estimated $800,000 claimed by plaintiff as…