September 21, 2011
Textron Inc. asked a Rhode Island federal judge Tuesday to reconsider his refusal to dismiss a class action claiming the defense conglomerate breached its fiduciary duty by allowing employees to invest portions of their retirement funds in the company's inflated stock.
September 07, 2011
A federal judge in Rhode Island refused Tuesday to dismiss a class action that claims Textron Inc. breached its fiduciary duty by failing to prudently manage an employee retirement savings plan, which lost millions of dollars when the defense conglomerate's stock tanked in 2009.