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ARTICLE · 03 APRIL 2024

Defense Contractor L3Harris Settles ERISA Class Action

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A Florida district court judge has administratively closed an ERISA class action lawsuit against defense contractor L3Harris after the parties settled following mediation...

United StatesLitigation, Mediation & Arbitration
Hall Benefits Law
Hall Benefits Law
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A Florida district court judge has administratively closed an ERISA class action lawsuit against defense contractor L3Harris after the parties settled following mediation, subject to court approval of class counsel's motion for preliminary settlement approval, to be filed within 60 days.

The case is Robert J. Stengl et al. v. L3Harris Technologies Inc. et al., case number 6:22-cv-00572, U.S. District Court for the Middle District of Florida.

Eight former employees filed the certified class action lawsuit in March 2022, alleging that L3Harris violated ERISA by failing to negotiate lower recordkeeping fees and continuing to offer expensive investment options in the L3 Technologies Master Savings Plan, its 401(k) plan that holds $5.2 billion worth of assets.

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