Fed. Circ. Won't Hear Raytheon Pension Case En Banc

Law360, New York (March 1, 2011, 6:57 PM EST) -- The Federal Circuit on Tuesday denied Raytheon Co.'s bid for an en banc rehearing of the appeals court's 2009 ruling ordering the defense contractor to pay the government surplus employee pensions from two units that were sold off, plus interest.

The six-to-five ruling against the rehearing followed the U.S. Court of Appeals for the Federal Circuit's 2009 decision ordering Raytheon to pay the government the surplus employee pension and compound interest from the sale of the two companies, which had overturned a ruling by the Armed...
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