Plaintiffs Seek Approval Of $12.4M Settlement In Northrop Grumman 401(k) Suit

(January 21, 2020, 1:12 PM EST) -- LOS ANGELES — Plaintiffs in a class action alleging that Northrop Grumman Corp. breached its fiduciary duties in its management of the company’s 401(k) retirement savings plan contend in a Jan. 13 motion for preliminary approval of a settlement filed in California federal court that an almost $12.4 million settlement is fair and reasonable to all class members (Clifton Marshall, et al. v. Northrop Grumman Corp., et al., No. 16-6794, C.D. Calif.)....