Lawyers for Raytheon Retirees Get Fees Trimmed in Pension Suit

The lawyers who sued Raytheon Co. over its pension calculations in Boston federal court and obtained a class settlement of nearly $60 million will get about $5.5 million in fees and costs after the company objected to their requested fees.

The attorneys’ fee award, approved Monday by Chief Judge Patti B. Saris in an electronic docket entry, is about $3 million less than the $8.9 million in fees and costs initially requested by class counsel. Raytheon balked at this request last month, telling Saris such an award would be more than five-and-a-half times greater than the amount class counsel would ...