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Northrop Grumman 401(k) ERISA Settlement

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Active: 
Closed
Closed Settlement Statement: 
According to court documents, the claim submission deadline has passed. Please contact the claims administrator if you have any questions.
Settlement Structure: 
Case Summary: 

This settlement resolves class action litigation that has been pending since 2006, with a shifting group of defendants (currently, the Northrop Grumman Corporation Administrative Committees to the Northrop Grumman Savings Plan and Financial Security and Savings Program, the Northrop Grumman Corporation Investment Committees to the Northrop Grumman Savings Plan and Financial Security and Savings Program, and several individuals). The complaint alleges that the defendants improperly distributed plan assets as administrative expenses to the company for services performed by its employees, which the complaint alleges is behavior prohibited by the Employee Retirement Income Security Act (ERISA).

Docket Number: 
06-cv-6213
Company: 
Northrop Grumman
Class Period: 
Thursday, September 28, 2000 to Monday, May 11, 2009
Filing Deadline: 
Friday, October 13, 2017
Objection Deadline: 
Friday, September 22, 2017
Final Approval Hearing: 
Monday, October 23, 2017
New Northrop Grumman Plane