Lockheed Martin to pay $62 million settlement in 401(k) fee suit

Lockheed Martin Corp. agreed Friday to a $62 million settlement in a lawsuit with employees and retirees who claimed the company invested their 401 savings in excessively costly funds. The suit, Anthony Abbott et al. v Lockheed Martin Corp and Lockheed Martin Investment Management Co., was initially filed in the Tibble v.



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