N.J. district court vacates $50 million punitive damages award against Lockheed

We previously reported that a jury in federal jury in New Jersey awarded $50 million in punitive damages against Lockheed Martin in an age discrimination case. That award has been vacated, according to this story published today in the Courier Post.  The district court concluded that the plaintiff failed to present clear and convincing evidence of wrongdoing by Lockheed’s senior management.