GlobeNewswire News Room·2025-08-04 03:47Core Viewpoint - A class action lawsuit has been filed against Lockheed Martin Corporation for alleged misleading statements and lack of effective internal controls during the Class Period from January 23, 2024, to July 21, 2025 [1][5]. Group 1: Lawsuit Details - The lawsuit claims that Lockheed Martin made false and misleading statements regarding its internal controls and risk management practices [5]. - Allegations include the company's inability to accurately report its risk-adjusted profit booking rate and overstatements of its contract delivery capabilities [5]. - The lawsuit asserts that these misrepresentations likely led to significant financial losses for investors when the true situation was revealed [5]. Group 2: Class Action Participation - Investors who purchased Lockheed Martin securities during the Class Period may be entitled to compensation without any out-of-pocket fees through a contingency fee arrangement [2]. - Interested parties can join the class action by submitting a form or contacting the law firm for more information [3][6]. - A lead plaintiff must be appointed by September 26, 2025, to represent the interests of the class members [1][3]. Group 3: Law Firm Credentials - The Rosen Law Firm has a strong track record in securities class actions, having achieved significant settlements for investors, including over $438 million in 2019 [4]. - The firm has been recognized for its leadership in securities class action settlements and has consistently ranked among the top firms in this area since 2013 [4].