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Violation Tracker Individual Record

Company: Raytheon Co.
Current Parent Company: RTX Corporation
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Penalty: $59,000,000
Year: 2021
Date: June 11, 2021
Offense Group: employment-related offenses
Primary Offense: benefit plan administrator violation
Secondary Offense: pension ERISA violation
Violation Description: Raytheon agreed to a settlement worth an estimated $59 million to resolve litigation accusing it of using outdated mortality rates in pension calculations.
Level of Government: federal
Action Type: private litigation
Court: District of Massachusetts
Civil or Criminal Case: civil
Case ID: 1:19cv11425
Case Name: Cruz v. Raytheon Company et al
Private Lawsuit Resolution Type: settlement
HQ Country of Current Parent: USA
HQ State of Current Parent: Massachusetts
Ownership Structure of Current Parent: publicly traded
Major Industry of Current Parent: aerospace and military contracting
Specific Industry of Current Parent: aerospace & military contracting
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Current parent company note: Parent-subsidiary relationship is current as of the most recent revision listed in the Update Log.