A group of former Lear Siegler employees...

A group of former Lear Siegler employees filed suit against Forstmann Little & Co., the investment firm that bought the former Santa Monica aerospace company in late 1986. The suit seeks a court order forcing Forstmann Little to distribute about $65 million in excess assets from a former Lear Siegler pension plan to participants of that plan. The complaint, which could become a class action suit, also seeks to give full pension rights to all employees terminated as a result of Forstmann Little’s subsequent sale of nearly half of the former Lear Siegler operating units.