Lockheed Martin Corp. defeated a former mechanical inspector’s race discrimination and retaliation case when a federal judge ...

According to a City Journal report, one whistleblower "'swapped' 18 whites for 18 minorities, solely on the basis of race" ...

The company allegedly required managers to reward employees “on the basis of their skin color alone and contrary to ...

Lockheed Martin Corp. asked a federal judge to dismiss litigation over its in-house 401(k) service provider and funds, ...

The company has never admitted liability, however. A separate lawsuit against Lockheed Martin in federal court in Los Angeles, involving different plaintiffs, is unaffected by the settlement in ...

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. District courts issued contrasting ...

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 ...

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 ...

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 ...

Lockheed Martin has agreed to pay approximately $40 ... The case came to light after a whistleblower lawsuit was filed in ...