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 ...

$2.1 billion in the bargaining plan and $267 million in the capital plan – filed a proposed class action lawsuit, Fezer et al v. Lockheed Martin Corporation et al, in the U.S. District Court of ...

Lockheed Martin Corp. requested permission to immediately appeal a decision allowing retirees to move forward with claims that the company jeopardized their retirement benefits by offloading their ...

plans’ assets,” the lawsuit said. Plaintiffs accused Lockheed Martin of violating ERISA’s duty of prudence, due to the allegedly poor investment performance, and the duty of loyalty ...

The Harvard Crimson reported that assistant professor Dipak Panigrahy previously submitted an expert report exceeding 500 pages on behalf of plaintiffs in a class action lawsuit against Lockheed ...

Last week, Lockheed Martin’s motion to dismiss was denied by the U.S. District Court for the District of Maryland, while Alcoa’s lawsuit against Athene was dismissed by the U.S. District Court ...

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

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

That lawsuit, Konya et al. vs. Lockheed Martin Corp., was filed in U.S. District Court in Baltimore in March 2024 and alleges the defense and aerospace company violated its ERISA fiduciary duties ...

Lockheed Martin hired fellow defense contractor Northrop Grumman Systems Corp ... Northrop from 1976 to 2008 and audited its F-35 subcontract from December 2005 to September 2007, according to his ...