Below is the first part of an article by Lawrence Hurley from reuters.com. It reads…
Dec 16 (Reuters) – The U.S. Supreme Court on Monday opted not to hear an appeal filed byLockheed Martin Corp , which was contesting a class action lawsuit brought by employees.
The company wanted the court to throw out the lawsuit filed on behalf of potentially 56,000 employees. The lawsuit claims that Lockheed is liable for poor management of its employee retirement plan under the federal U.S. Employee Retirement Income Security Act.
The case, originally filed in 2006, will now return to an Illinois federal court for further proceedings.
Previously, a federal judge said the lawsuit did not meet the requirements to proceed as a class action, but in an August ruling, the 7th U.S. Circuit Court of Appeals threw out that decision.
Marc Primo Pulisci is a Los Angeles based attorney practicing with Initiative Legal Group. Marc Primo Pulisci has been practicing law for over 10 years. Find Marc on Marc Primo Twitter, Marc Primo Manta, Marc Primo Facebook, Marc Primo Squarespace, Marc Primo Pulisci Dot Com, Marc Primo Dot Com