Northrop Wins Class Action Battle Over Pension Plan

Law360, New York (January 27, 2010, 6:28 PM EST) -- Northrop Grumman Corp. has won summary judgment in a class action pension plan dispute in which it was sued by former employees for bilking them out of pension payments.

Judge John F. Walter of the U.S. District Court for the Central District of California threw out all five claims levied against the company on Tuesday.

Speaking Wednesday, attorneys for the two plaintiffs — former employees of Litton Industries Inc., which was acquired by Northrop Grumman in 2001 — said they would appeal the ruling to the...
To view the full article, register now.

UK Financial Services

UK Financial Services

Read Our Latest UK Financial Services Coverage

Financial Services Law360 UK provides breaking news and analysis on the financial sector. Coverage includes UK and European Union policy, enforcement, and litigation involving banks, asset management firms, and other financial services organizations.