The aerospace firm violated its fiduciary duties by using an in-house service provider and affiliated target date funds, ...

Current and former employees of Lockheed Martin have sued the company and fiduciaries of three retirement plans, alleging the plans’ use of an in-house investment manager violated federal law due to ...

Lockheed Martin on Monday said the U.S. Army had awarded it a contract worth up to $4.94 billion to produce Precision Strike ...

Both firms, and many more, have been sued by employees in class action lawsuits over the PRT deals made with insurance ...

Related: Corporations are chugging ahead on deals to offload pension liabilities. Lawsuits aren't slowing them down.

The lawsuit alleges that Lockheed Martin used underperforming target-date funds with high fees in its 401(k) plans for the company’s own benefit. Lockheed Martin Corporation and its subsidiary ...

A lawsuit against Lockheed Martin over pension risk transfers it conducted with Athene will continue, whereas a similar lawsuit against Alcoa Corp. was dismissed.

The lawsuit, filed in 2017 ... the agreement said. “Lockheed Martin is pleased to resolve this matter and avoid litigation,” ...

Lockheed Martin announced Monday that the U.S. Army had awarded it a contract worth nearly $5 billion to produce its next-generation long-range precision strike missile. The contract is worth up ...

The litigation push against companies that use annuities to remove workers from their pension plans intensified over the past week, as judges reached opposite conclusions in cases against Alcoa USA ...