Northrup Grumman Agrees to Pay $12.3 Million to Settle ERISA Class Action

Employees of Northrup Grumman settled a class action with their employer for $12.3 million regarding allegations that the company’s 401(k) plan used an excessively costly management strategy. The dispute had been ongoing for 13 years. The case was set for trial in October after three years of briefing, but the settlement in principle headed off the trial minutes before it started.

The case is Clifton W. Marshall et al. v. Northrop Grumman Corp. et al., case number 2:16-cv-06794, in the U.S. District Court for the Central District of California.


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Steve Larson
An experienced trial lawyer who handles both hourly and contingent fee cases, Steve has expertise in class actions, antitrust litigation, securities litigation, corporate disputes, intellectual property disputes, unfair competition claims, and disputes involving family wealth. Steve regularly represents individuals and businesses in federal and state court and has obtained class-wide recovery in multiple class actions. A veteran practitioner, Steve's clients value his creative approach to resolving complex litigation matters.

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The information contained in this blog does not constitute legal advice, and does not create an attorney-client relationship. We make no claims, promises or guarantees about the accuracy, completeness, or adequacy of the information contained in or linked to this blog.