Essex Corp. shareholder alleges Northrop never paid for his stock after 2007 acquisition

A former shareholder of the signal processing company Essex Corp. is alleging that Falls Church-based Northrop Grumman Corp. (NYSE: NOC) didn’t pay him for his shares when Northrop acquired the company in 2007, according to court documents filed Thursday. The complaint filed with the Circuit Court for Anne Arundel County states that California resident Conrad Grabowski received 24,557 shares of Essex in February 1990. In January 2007, Northrop acquired Essex, purchasing all of the company’s…

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