Teledyne, Inc. v. United States

OPINION

FIRESTONE, Judge.

I. INTRODUCTION

This matter is before the court on the parties’ cross motions for partial summary judgment. In this action, Allegheny Tele-dyne Inc., Teledyne, Inc., Teledyne Industries, Inc., and Teledyne Electronic Systems, Inc. (collectively “Teledyne”)1 challenge the government’s claim for more than $100 million in connection with Teledyne’s sale of two divisions in 1995 and 1996.2 The government claims that payment is compelled by Cost Accounting Standard (“CAS”) 413.50(c)(12), which governs the accounting of pension costs in the event of a “segment closing.” The…