Both firms, and many more, have been sued by employees in class action lawsuits over the PRT deals made with insurance company Athene Annuity & Life, alleging the firm "breached their fiduciary duties ...

Lockheed Martin announced the departure of its CFO just days before earnings. The transition appears to be routine, but continues the trend of negative news flow out of the massive defense contractor.

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

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 ...

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 ...

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 ...

Health care workers and activists said Israel’s use of the defense contractor's weapons in Gaza flies in the face of what a ...

Lockheed Martin Corp. requested permission to immediately appeal a decision allowing retirees to move forward with claims that the company jeopardized their retirement benefits by offloading their ...

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 ...

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

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 ...

Morgan Stanley upgraded Lockheed Martin (LMT) to Overweight from Equal Weight with a price target of $575, up from $525. Concerns over the ...