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

The lawsuit alleges that Lockheed Martin used underperforming target-date funds with high fees in its 401(k) plans for the ...

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

Current and former employees of Lockheed Martin have sued the company and fiduciaries of three retirement plans, alleging the ...

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

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

Lockheed Martin has agreed to pay approximately $40 ... The case came to light after a whistleblower lawsuit was filed in East Texas, prompting federal authorities to launch a civil complaint ...

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

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 ...

Lockheed Martin plans to unveil a new “affordable” cruise missile on Monday with a cost of about $150,000 and a range of over 500 miles as the defense contractor works to tap a U.S. need to ...