March 22, 1993 |
Lockheed Corp. has paid about $7 million to quietly settle a civil lawsuit brought by three defense whistle-blowers, sharply paring a record $45.3-million jury verdict reached in 1990, according to confidential sources. Even with the reduction, the Lockheed payment ranks among the largest ever to individuals who claimed they were fired for alleging improper conduct by a defense contractor.
November 16, 1990 |
In what is believed to be the largest legal award ever involving a defense firm, a Los Angeles jury imposed a $45.3-million judgment against Lockheed Corp. on Thursday for firing three employees who tried to warn management that the firm's C-5B aircraft was defective and unsafe. The employees--two internal auditors and a quality assurance representative--were fired in 1985 by then-Lockheed Chairman Lawrence O.