It is alleged that, in 1996, Loral Corporation (later acquired by Lockheed Martin and renamed Lockheed Martin Tactical Systems, Inc.) had given bribes and sexual favors to South Korean officials to win a contract for an aircraft radar system. The Korea Supply Company, which represented a competing bidder, sued Lockheed in California under the California Unfair Competition Law (“UCL”), claiming it lost out on a multi-million dollar commission due to Lockheed Martin’s alleged illegal conduct. After seven years of litigation, the parties settled the case. The terms of the settlement are confidential.