The Federal Retirement Thrift Investment Board said it will seek an expedited appeal of a district court decision throwing out its $350 million lawsuit against American Management Systems Inc.
A U.S. District Court dismissed a multimillion dollar lawsuit against American Management System Inc. Nov. 30 for lack of jurisdiction, according to the company. In July, the Federal Retirement Thrift Investment Board sued the Fairfax, Va., information technology firm for $350 million in U.S. District Court for the District of Columbia. The agency accused AMS of bungling a contract to create a new system to track retirement savings for federal employees. AMS denied any wrongdoing.
PEC Solutions Inc.'s acquisition of Troy Systems Inc. will give the information technology company a foothold in the growing defense and health-care markets.
