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 ...

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 ...

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 ...

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 ...

$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 ...

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

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 ...