Federal Judge Grants Class Certification To Some ERISA Fiduciary Duty Claims

Federal Judge Grants Class Certification To Some ERISA Fiduciary Duty Claims

EAST ST. LOUIS, Ill. - A federal judge in Illinois on Sept. 24 granted class certification on breach of fiduciary duty claims by participants in retirement plans sponsored by Lockheed Martin Corp. (LMC) related to excessive fees and company stock funds (CSFs) but denied certification on claims related to a stable value fund (SVF) (Anthony Abbott, et al. v. Lockheed Martin Corporation, et al.,  No. 06-cv-0701-MJR, S.D. Ill.; 2012 U.S. Dist. LEXIS 135848).

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