The lawsuit alleges that Lockheed Martin used underperforming target-date funds with high fees in its 401(k) plans for the company’s own benefit. Lockheed Martin Corporation and its subsidiary ...

There’s been an uptick in 401(k) mismanagement lawsuits in the last year, and now Lockheed Martin is another firm being sued by current and former employees, alleging the aerospace and defense ...

A lawsuit against Lockheed Martin over pension risk transfers it conducted with Athene will continue, whereas a similar lawsuit against Alcoa Corp. was dismissed.

The Harvard Crimson reported that assistant professor Dipak Panigrahy previously submitted an expert report exceeding 500 pages on behalf of plaintiffs in a class action lawsuit against Lockheed ...

Since 2024, Lockheed Martin, Alcoa and a lot of other firms have been sued by employees in class action lawsuits over the pension risk transfer deals made with insurance company Athene Annuity and ...

plans’ assets,” the lawsuit said. Plaintiffs accused Lockheed Martin of violating ERISA’s duty of prudence, due to the allegedly poor investment performance, and the duty of loyalty ...

Two U.S. District Court judges have issued significantly different rulings against Alcoa Corp., Pittsburgh, and Lockheed Martin Corp., Bethesda, Md., related to their motions to dismiss lawsuits ...

Before markets opened, Lockheed said that CFO Jay Malave had advised the company he is "pursing other opportunities," and ...

Lockheed Martin on Thursday announced the departure of its finance chief, Jesus Malave, and named longtime insider Evan Scott ...

Shares in defense contractor Lockheed Martin ( LMT -2.45%) declined by as much as 6% in early morning trading Thursday on the ...

BETHESDA, Md. and RESTON, Va., March 27, 2025 /PRNewswire/ -- Lockheed Martin (NYSE: LMT) and Google Public Sector today announced their intent to integrate Google's advanced generative artificial ...