Lockheed's Motion To Toss Antitrust Suit Denied

Law360, New York (September 30, 2008, 12:00 AM EDT) -- A federal judge on Monday denied Lockheed Martin Corp.'s motion to dismiss an antitrust lawsuit alleging the company engaged in anti-competitive conduct in the market for refurbishment of large propeller aircraft called the P-3, used by governments and militaries around the world.

Texas-based L-3 Communications Integrated Systems LP sued Lockheed Martin in the U.S. District Court for the Northern District of Texas in February 2007, accusing the aviation giant of illegal tying and restraint of trade. A year later Lockheed moved to dismiss L-3's lawsuit, asserting...
To view the full article, register now.

Law360 UK

UK Financial Services

Read Our Latest UK Legal News & Analysis

Financial Services Law360 UK and Insurance Law360 UK provide breaking news and in-depth analysis on U.K. and European Union regulation, enforcement, legislation, and litigation involving banks, investment firms, insurers, and more.