February 19, 2026
A Virginia federal judge dismissed a suit Thursday against Northrop Grumman from workers who alleged misspending of 401(k) forfeitures, a step that followed the parties settling a final claim in anticipation of workers' Fourth Circuit appeal of the court's December order tossing most claims in the dispute.
December 05, 2025
Bank of America urged a North Carolina federal court Friday to let it appeal an earlier decision denying dismissal of a proposed class action alleging forfeitures were misspent from workers' employee 401(k) plan, arguing a Virginia federal court's decision tossing similar claims against Northrop Grumman supported its bid.
March 11, 2025
Former Northrop Grumman employees on Tuesday lodged a proposed class action accusing the aerospace and defense giant of mishandling an employee retirement plan's assets, telling a Virginia federal court that the company failed to act in the best interest of the plan's beneficiaries by repeatedly prioritizing offsetting employer contributions to the plan.