LOS ANGELES - Glenfed Inc. has been notified that the U.S. government will appeal a July U.S. Claims Court finding that the government breached a contract when it forced Glenfed to change the treatment of goodwill on it books.

Glenfed, which reported this week a $26 million loss for its fiscal fourth quarter and a $120.9 million loss for the year, had been urging the government to reach a settlement rather than pursue potentially time-consuming appeals in federal and possibly state courts.

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