Milberg LLP announces a proposed $4.375 million cash settlement of an ERISA class action on behalf of certain participants in

 Milberg LLP announces a proposed $4.375 million cash settlement of an ERISA
  class action on behalf of certain participants in the Textron Savings Plan

PR Newswire

NEW YORK, Sept. 30, 2013

NEW YORK, Sept. 30, 2013 /PRNewswire/ --

In the United States District Court for the District of Rhode Island, in In re
Textron, Inc. ERISA Litigation, Civil Action No. 09-383-ML, a summary notice
has been issued as follows:

Summary Notice of Proposed Class Action Settlement and Scheduling of Final
Fairness Hearing

To: All Persons who were participants in or beneficiaries of the Textron
Savings Plan (the "Plan") at any time between July 17, 2007 and December 31.
2011 and whose accounts included investments in the Textron Stock Fund.

IF YOU ARE A MEMBER OF THE CLASS DESCRIBED ABOVE, YOUR RIGHTS WILL BE AFFECTED
AND YOU MAY BE ENTITLED TO A PAYMENT FROM THE SETTLEMENT FUND. PLEASE READ
CAREFULLY.

YOU ARE HEREBY NOTIFIED, pursuant to Rule 23 of the Federal Rules of Civil
Procedure and an Order of the Court, that the above-referenced action has been
certified as a class action for purposes of a proposed $4.375 million cash
settlement, subject to review and final approval by the Court. As part of the
proposed settlement, class members who show a loss under the proposed Plan of
Allocation may be entitled to a payment from the settlement. You do not need
to do anything to receive a payment under the settlement but your rights will
be affected. The settlement includes a release of any claims related to the
administration of the Plan, the selection of investment options under the
Plan, and disclosures about the Textron Stock Fund and the company's financial
condition.

A hearing has been scheduled before Chief Judge Mary M. Lisi of the United
States District Court for the District of Rhode Island in the Federal Building
and United States Courthouse, One Exchange Terrace, Providence, RI 02903-1270,
at 11:00 a.m. on January 24, 2014 to determine whether the proposed settlement
should be approved by the Court as fair, reasonable, and adequate, and to
consider the proposed Plan of Allocation and Plaintiffs' Counsel's
applications for attorneys' fees, expenses and case contribution awards.

YOU CANNOT EXCLUDE YOURSELF FROM THE SETTLEMENT. You can, however, file
written comments or objections with the Court. You or your lawyer may also
appear and request the opportunity to speak at the hearing at your own
expense. To do so, you must send your comments and objections to the Court
and the parties' attorneys no later than November 27, 2013. Detailed
instructions can be found on the court's website, www.rid.uscourts.gov, and on
the Settlement Website at www.gilardi.com/TextronERISASettlement, where you
can also obtain a more detailed notice about the terms of the settlement, how
the existence of a qualifying loss will be determined and how the payments
will be calculated, along with the settlement agreement and related materials.
Additional information and materials, including class counsel's application
for attorneys' fees, will be posted on the Settlement Website as they are
filed with the Court. You may also write to Textron ERISA Litigation
Settlement, P.O. Box 8040, San Rafael, CA 94912-8040 to request copies of
these materials.

All other inquiries may be made by writing to Class Counsel at:

Arvind B. Khurana, Esq.
Milberg LLP
One Penn Plaza
New York, NY 10119-0165
akhurana@milberg.com

Published by Order of the U.S. District Court for the District of Rhode Island

SOURCE Milberg LLP

Contact: Arvind B. Khurana, Esq., (212) 594-5300, Lori G. Feldman, Esq., (212)
594-5300