June 12, 2017
Northrop Grumman has agreed to pay $16.75 million to settle a long-running Employee Retirement Income Security Act class action alleging that executives overbilled a workers' retirement fund by more than $10 million, according to a settlement approval motion filed Monday in California federal court.
March 21, 2017
Northrop Grumman has resolved an Employee Retirement Income Security Act class action alleging executives bilked their retirement fund by over-reimbursing the company for more than $10.5 million in purported administrative expenses, reaching a confidential settlement days into a bench trial on the matter.
March 16, 2017
An attorney for Northrop Grumman employees who allege executives bilked their retirement fund by over-reimbursing the company for more than $10.5 million in purported administrative expenses questioned the aerospace giant's benefits director during trial Thursday, delving into individual line items in a bid to show ERISA violations.
March 13, 2017
Lawyers for the Northrop Grumman Corp. employees suing executives for ERISA violations in California federal court on Friday skewered the opposing side's bid to decertify the class or disqualify counsel in a related action as "a Hail Mary attempt to avoid trial."
January 25, 2017
Northrop Grumman employees asked a California federal judge on Tuesday to block the defense giant from calling certain witnesses, as well as citing U.S. Department of Labor audits, during a trial in an Employee Retirement Income Security Act suit, arguing that testimony and documents are inadmissible.
December 07, 2015
A California federal judge misinterpreted case law in allowing Northrop Grumman out of an Employee Retirement Income Security Act suit on a statute of limitations technicality, employees of the defense giant said Monday, asking the judge to reconsider.
October 15, 2014
Northrop Grumman Corp. pushed a California federal judge Tuesday to refuse the U.S. Department of Labor's attempt to intervene in a long-running putative class action accusing the defense contractor of charging unreasonable fees and expenses to its employees' 401(k) plans, saying the request is untimely and overly burdensome.
March 30, 2011
A California federal judge on Tuesday certified two consolidated putative class actions accusing Northrop Grumman Corp. of charging unreasonable fees and expenses to its employees' 401(k) plans, following an appeals court's recommendation deeming the relief appropriate.