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Law Firm Awarded $22M in Fees for Lockheed 401(k) Case
Bloomberg BNA
July 21, 2015
"Attorneys who obtained a $62 million settlement from Lockheed Martin Corp. for participants in the company's 401(k) plan are entitled to $22.3 million in fees and costs as part of the settlement, a federal court in Illinois has ruled.... This is the second multimillion-dollar fee award in a week for Schlichter, which was awarded $9.9 million by a federal judge in Minnesota on July 13 for the firm's role in a settled case involving the Ameriprise Financial Inc. 401(k) plan."
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