Northrop Workers Win Class Cert. In ERISA Action

Law360, New York (March 30, 2011, 2:51 PM EDT) -- A California federal judge on Tuesday certified two consolidated putative class actions accusing Northrop Grumman Corp. of charging unreasonable fees and expenses to its employees' 401(k) plans, following an appeals court's recommendation deeming the relief appropriate.

Judge Margaret M. Morrow of the U.S. District Court for the Central District of California granted the plaintiffs' joint motion for certification of a class of all past and present participants and beneficiaries of two Northrop Grumman 401(k) plans — the savings plan and the financial security and savings plans...
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