Lockheed Pension Participants Seek Class Cert. In 7th Circ.

Law360, Chicago (May 29, 2013, 3:05 PM EDT) -- A lawyer for Lockheed Martin Corp. pension plan participants told the Seventh Circuit on Wednesday that a class should be certified in the suit alleging Lockheed caused $293 million in plan losses, but a Lockheed attorney said the suit brought a misrepresentation claim unfit for class treatment.

Plaintiffs' attorney Michael Wolff of Schlichter Bogard & Denton LLP argued that though an Illinois federal court had properly certified certain classes in the Employee Retirement Income Security Act lawsuit, it wrongly refused to grant certification on their claim...
To view the full article, register now.