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Clifton W. Marshall et al v. Northrop Grumman Corporation et al

  1. January 13, 2020

    Northrop Grumman's $12.4M ERISA Deal Ends 13-Year Battle

    Northrop Grumman inked a $12.4 million settlement deal Monday with employees who claimed the defense giant's 401(k) plan betrayed workers by using a costly management strategy for a risky investment fund, wrapping up a 13-year legal fight.

  2. October 10, 2019

    Northrop Defends 401(k) As Trial Looms In ERISA Class Action

    Northrop Grumman Corp. is gearing up to stand trial next week on allegations that its 401(k) plan betrayed workers by using a costly management strategy for a risky investment fund, telling a California federal judge that the strategy made sense at the time.

  3. August 23, 2019

    Northrop Grumman Wants Experts Dropped From ERISA Suit

    Northrop Grumman Corp. urged a California federal judge Friday to exclude testimony from two experts a class of workers sought to support claims the company squandered workers' retirement savings by using an active rather than passive management style for a 401(k) plan investment fund.

  4. August 15, 2019

    Northrop Grumman Gets ERISA Class Action Scaled Back

    A California federal judge has trimmed an Employee Retirement Income Security Act class action accusing Northrop Grumman Corp. of mismanaging its workers' retirement savings, axing claims over record-keeping fees, among others.

  5. July 24, 2019

    Northrop Grumman Workers Can't DQ Expert In ERISA Suit

    The founder of Wagner Law Group PC may testify as an expert in an Employee Retirement Income Security Act class action suit accusing Northrop Grumman Corp. of squandering workers' retirement savings through high pension plan fees, a California federal judge ruled Tuesday.

  6. May 20, 2019

    Northrop Grumman Fights To Keep Expert In ERISA Fee Suit

    Northrop Grumman Corp. has urged a California federal judge not to disqualify one of its experts in a class action claiming its employee retirement plan paid too much money for record keeping and fund management fees, fighting an argument from plan participants that she had a conflict of interest.

  7. February 04, 2019

    Northrop Grumman Seeks Quick Win In ERISA Fee Suit

    Northrop Grumman Corp. has urged a California federal judge to grant the company a quick win on class action claims that its employee retirement plan paid too much money for recordkeeping and fund management fees, saying the Employee Retirement Income Security Act allegations are based on misinformation.

  8. February 15, 2018

    Northrop Grumman Gets Ex-Workers' ERISA Suit Trimmed

    A California federal judge on Thursday trimmed most of the Employee Retirement Income Security Act claims brought by ex-workers against Northrop Grumman Corp. over allegedly excessive pension fund fees, agreeing with Northrop that it didn't have a fiduciary duty as it wasn't named in the fund's governing agreements.

  9. November 03, 2017

    Northrop Grumman Pension Investors Get Cert. In ERISA Suit

    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.  

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