Final Approval Of Settlement Granted In Northrop Grumman 401(K) Suit

Mealey's (October 7, 2020, 9:22 AM EDT) -- LOS ANGELES — A California federal judge on Sept. 18 granted final approval of a $12.4 million settlement between aerospace company Northrop Grumman Corp. and class action plaintiffs who sued over alleged breaches of fiduciary duties in the management of the company's 401(k) retirement savings plan after determining that the settlement is fair, reasonable and adequate (Clifton Marshall, et al. v. Northrop Grumman Corp., et al., No. 16-6794, C.D. Calif., 2020 U.S. Dist. LEXIS 177051)....