{"id":4469,"date":"2020-01-28T22:03:50","date_gmt":"2020-01-29T03:03:50","guid":{"rendered":"http:\/\/therosenbaumlawfirm.com\/blog\/?p=4469"},"modified":"2020-01-28T22:03:50","modified_gmt":"2020-01-29T03:03:50","slug":"northrop-grumman-has-to-shell-out-12-4-settlement-in-401k-case","status":"publish","type":"post","link":"https:\/\/therosenbaumlawfirm.com\/blog\/?p=4469","title":{"rendered":"Northrop Grumman has to shell out $12.4 settlement in 401(k) case"},"content":{"rendered":"<p>Northrop Grumman Corp. agreed on a tentative settlement regarding their 401(k) plan by offering to pay $12.4 million.<\/p>\n<p>The plaintiffs in the case accused the company and its fiduciaries of allowing \u201cunreasonable\u201d record-keeping fees. They contended that the fiduciaries failed to remove an underperforming emerging markets equity fund from the plan lineup.<\/p>\n<p>The case was settled minutes before it would go to trial. Renowned litigator Jerry Schlicter represented the plaintiffs.<\/p>\n<p><span class='st_sharethis' st_title='{title}' st_url='{url}' displayText='ShareThis'><\/span><\/p>","protected":false},"excerpt":{"rendered":"<p>Northrop Grumman Corp. agreed on a tentative settlement regarding their 401(k) plan by offering to pay $12.4 million. The plaintiffs in the case accused the company and its fiduciaries of allowing \u201cunreasonable\u201d record-keeping fees. They contended that the fiduciaries failed &hellip; <a href=\"https:\/\/therosenbaumlawfirm.com\/blog\/?p=4469\">Continue reading <span class=\"meta-nav\">&rarr;<\/span><\/a><\/p>\n<p><span class='st_sharethis' st_title='{title}' st_url='{url}' displayText='ShareThis'><\/span><\/p>","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[1],"tags":[],"_links":{"self":[{"href":"https:\/\/therosenbaumlawfirm.com\/blog\/index.php?rest_route=\/wp\/v2\/posts\/4469"}],"collection":[{"href":"https:\/\/therosenbaumlawfirm.com\/blog\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/therosenbaumlawfirm.com\/blog\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/therosenbaumlawfirm.com\/blog\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/therosenbaumlawfirm.com\/blog\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=4469"}],"version-history":[{"count":1,"href":"https:\/\/therosenbaumlawfirm.com\/blog\/index.php?rest_route=\/wp\/v2\/posts\/4469\/revisions"}],"predecessor-version":[{"id":4470,"href":"https:\/\/therosenbaumlawfirm.com\/blog\/index.php?rest_route=\/wp\/v2\/posts\/4469\/revisions\/4470"}],"wp:attachment":[{"href":"https:\/\/therosenbaumlawfirm.com\/blog\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=4469"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/therosenbaumlawfirm.com\/blog\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=4469"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/therosenbaumlawfirm.com\/blog\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=4469"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}