In a Supreme Court decision regarding the retirement plan of the Lockheed corporation, the court introduced the concept of "retirement sham"

Question

Quizplus · Accepted Answer

The Supreme Court introduced the concept of "retirement sham" in the Lockheed case, which means that if early retirement benefits are purely a sham - rather than a legitimate retirement plan - the court can determine a company's assets were misused. Therefore, option B is correct. Option A is not correct because the retirement sham concept is not necessarily related to downsizing or avoiding layoffs specifically. Option C mentions that the court specified the conditions for determining a plan as a retirement sham, which is partially true, but this alone does not give the best choice. Option D is incorrect because the concept of retirement sham does not provide evidence or demonstrate the likelihood of court rulings favoring plaintiffs in early retirement cases.

In a Supreme Court Decision Regarding the Retirement Plan of the Lockheed