Lockheed Settles Former Workers' Age Bias Claims

Law360, New York (April 7, 2008, 12:00 AM EDT) -- Lockheed Martin Corp. has resolved a lawsuit brought on behalf of eight workers who claim the corporation's now-defunct telecommunications unit fired them for being too old.

The U.S. Equal Employment Opportunity Commission, which lodged the age discrimination action, said Monday that Lockheed agreed to shell out $773,000 in back pay to the workers, including one who was 47 and six who were older than 60 when they were fired during a 2000 reduction in force.

The Bethesda, Md.-based aerospace manufacturer and advanced technology firm was hit...
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.