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Northrop Grumman’s 401(k) Expert Deserves DQ, Investors Say

Feb. 6, 2019, 8:17 PM

A certified class of investors in Northrop Grumman Corp.'s retirement plan wants a federal judge to disqualify an expert witness the company tapped to testify in support of its plan fees.

Disqualification is necessary because Northrop’s expert witness, Marcia Wagner, is in legal partnership with an attorney who previously worked for the law firm representing the Northrop employees, the investors argued. While at Schlichter Bogard & Denton LLP, Thomas E. Clark Jr. was “deeply involved” in litigating an earlier class action raising similar claims against Northrop, the investors said in their Feb. 5 motion.

Clark’s previous stint at Schlichter—in...

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