Thursday, January 28, 2010

Judge Dismisses Northrop Grumman Corp. ERISA Case

A federal district court in California dismissed on Tuesday a putative class action lawsuit against Northrop Grumman Corp. The case, Charles D. Skinner, et al. v. Northrop Grumman Retirement Plan B, et al., CV 07-3923-JFW (JTLx) (Central District of California), involved claims relating to Northrop's acquisition of Litton Industries, Inc. in 2001 and Northrop's subsequent consolidation of the Litton Industries Pension Plan into a single, uniform plan (along with the plans of several other companies Northrop acquired). We will post additional information about the court's decision in the near future.