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Northrop Grumman Pension Investors Get Cert. In ERISA Suit

Law360, New York (November 3, 2017, 7:04 PM EDT) -- A California federal judge Thursday granted class certification in an Employee Retirement Income Security Act suit alleging Northrop Grumman and several officers breached their fiduciary duty to more than 100,000 participants in the company’s pension program by charging excessive fees.  

U.S. District Judge Andre Birotte Jr. rejected challenges to the named plaintiffs’ fitness to represent the class and the allegations’ suitability for class resolution, saying the six workers have interests in line with those of the other investors and that the charges would be better litigated...
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