Lockheed Martin Moves To Dismiss ERISA Suit Over Pension Risk Transfers

(May 8, 2024, 12:03 PM EDT) -- GREENBELT, Md. — Moving to dismiss one of a quartet of similar recent putative class actions challenging pension risk transfers (PRTs) under the Employee Retirement Income Security Act, Lockheed Martin Corp. told a Maryland federal court that the retirees are receiving all the benefits they are due and fail to state their claims....