www.northrop401ksettlement.com – File Claim Northrop Grumman Retirement Lawsuit

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Northrop 401k Settlement

  • Obtain all the gritty details in regards to the class action lawsuit entitled In re: Northrop Grumman Corporation ERISA Litigation which is under review in the U.S. District Court for the Central District of California
  • Claim form are due by 10/13/2017 for former participants (there is no claim deadline for current participants since they do not need to file a claim to receive benefits)
  • This settlement is listed as case number 2:06-cv-06213-AB-JC

Class members content that Northrop Grumman’s violated the federal Employment Retirement Security Income Act, or ERISA and in the process caused them to lose money in their retirement plans.  Former Northrop Grumman employees who were active in the Northrop Grumman Savings Plan, Plan 011, or “NGS Plan,” and the Northrop Grumman Financial Security and Savings Program, Plan 010, or “FSS Plan.” between Sept. 28, 2000 and May 11, 2009 will want to file a claim form in this case.  The Northrop 401k Settlement took almost 11 years of litigation to come to terms in the case.  The lawsuit was originally filed in September of 2006 but went through an appeal in which the Ninth Circuit reversed the trial court’s denial of class certification, and went to trial in March 2017.

www.Northrop401ksettlement.com Notes

  • Northrop denies any actions of wrong doing but have agreed to develop a huge settlement fund to get this lawsuit over with
  • The settlement fund is listed at $16,750,000
  • The amount of money any one class member will receive is not known at this time and will depend on several factors
  • Class Members are divided into “current participants” and “former participants,” depending on whether or not they had an account with a positive balance as of June 23, 2017
  • Class members will be represented by Jerome J. Schlichter and Stephen M. Hoeplinger

Northrop401ksettlement.com Contact Information

  1. By mail: Northrop Grumman 401(k) Settlement Administrator P.O. Box 2007 Chanhassen, MN 55317-2007
  2. By phone: 866-604-2582
  3. Email: Not Available

References

  1. www.northrop401ksettlement.com