Bankruptcy
May 25, 2004
Judge Orders Lockheed to Pay $16.2 Million
A Los Angeles bankruptcy judge rebuked the Lockheed Martin Corp. recently, ordering the company to pay $7 million in punitive damages on fraud and breach of contract claims.
In his written opinion after a bench trial, U.S. Bankruptcy Judge Thomas B. Donovan concluded that Lockheed, an advanced technology company, ...
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