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Lockheed Settles Lawsuit Over Retirement Plan Investments
The Daily Record Link to more items from this source
Dec. 16, 2014

"Lockheed Martin Corp. agreed to the provisional settlement of a $1.3 billion lawsuit by workers who claimed the Bethesda-based defense contractor mismanaged their retirement benefit plans, soaking them with fees while depriving participants of returns on company stock at least equal to those of investors on the open market. The accord, which requires court approval, was disclosed [Tuesday, December 16] by U.S. District Judge Michael Reagan ... The workers filed their class action in 2006."

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