March 04, 2024
Defense contractor L3Harris will pay $650,000 to end a class action accusing it of running afoul of federal benefits law by saddling retirement plan participants with high fees and expensive investment options, according to a Florida federal court filing.
January 03, 2024
L3Harris has cut a deal to resolve a certified class action on behalf of roughly 50,000 plan participants who allege the Florida-based defense contractor violated the Employee Retirement Income Security Act by failing to negotiate lower recordkeeping fees and retaining expensive investment options in their 401(K) retirement plans.
November 17, 2023
L3Harris Technologies Inc. told a Florida federal court that a Second Circuit decision this week bolsters its bid for a win in a class action brought by ex-workers who say the defense contractor's 401(k) retirement plans were too expensive.
September 18, 2023
L3Harris Technologies Inc. urged a Florida federal judge to dismiss a class action brought by ex-workers who alleged the defense contractor's 401(k) retirement plans were too expensive, saying the plans are "solid performers" and that lower-fee alternatives did worse than the options offered by the company.
June 06, 2023
A Florida federal judge granted a group of former employees class certification in their 50,000-member suit alleging defense contractor L3Harris Technologies Inc. saddled its employees' retirement plan with high fees and pricey investment options.
November 29, 2022
A group of former employees for defense contractor L3Harris Technologies Inc. asked a Florida federal court to grant class status to their lawsuit claiming the company violated federal benefits law when it failed to negotiate lower administrative fees and cheaper investment options for its 401(k) plan.
March 22, 2022
Defense contractor L3Harris Technologies Inc. ran afoul of federal benefits law by failing to use the size of its $13.5 billion retirement plan to negotiate lower administrative fees and cheaper investment options, former workers said in a proposed class action filed in Florida federal court.