Both firms, and many more, have been sued by employees in class action lawsuits over the PRT deals made with insurance company Athene Annuity & Life, alleging the firm "breached their fiduciary duties ...

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 ...

Before markets opened, Lockheed said that CFO Jay Malave had advised the company he is "pursing other opportunities," and ...

$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 ...

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 ...

Shares in defense contractor Lockheed Martin ( LMT -2.45%) declined by as much as 6% in early morning trading Thursday on the ...

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 ...

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 ...

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

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 ...

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

The commentary is putting new pressure on Lockheed Martin shares, sending the stock down about 3% as of 10:30 a.m. ET. Boeing won an initial $19 billion contract to fund continued research and ...