Opinion ID: 212039
Heading Depth: 2
Heading Rank: 2

Heading: The Appealed Rulings

Text: 16 First, the government appeals the Court of Federal Claims' denial of its motion for summary judgment on standing, in which the court held that Ahmanson was in privity of contract with the government and could therefore recover damages. Second, the government challenges that court's finding at trial that GAAP, as interpreted by the Financial Accounting Standards Board (FASB), did not apply to the amortization of goodwill from the Century and Ohio transactions, 5 having been superseded by the government's promise to Home that it could amortize the supervisory goodwill over a forty-year period. Third, the government challenges the Court of Federal Claims' damages model and resulting award for a variety of reasons, including the court's finding that Ahmanson had reasonably mitigated its damages, its award of hypothetical replacement costs, its determination that the damages it awarded were foreseeable, and the gross-up of the damages award for tax purposes. 17 Home cross-appeals the court's summary judgment determination that FSLIC and FHLBB did not have authority to promise to allow supervisory goodwill from the Ohio-insured thrifts.