Lockheed Martin(US:LMT) Prnewswire·2025-08-04 12:45Core Viewpoint - The Gross Law Firm has issued a notice to shareholders of Lockheed Martin Corporation regarding a class action lawsuit alleging misleading statements and lack of effective internal controls during a specified class period [1][2]. Group 1: Allegations - The complaint alleges that Lockheed Martin lacked effective internal controls related to risk-adjusted contracts and profit booking rates [1]. - It is claimed that the company did not have adequate procedures for comprehensive reviews of program requirements, technical complexities, schedules, and risks [1]. - Lockheed Martin is accused of overstating its ability to meet contract commitments regarding cost, quality, and schedule, leading to potential significant losses [1]. Group 2: Class Action Details - The class period for the lawsuit is defined as January 23, 2024, to July 21, 2025 [1]. - Shareholders are encouraged to register for the class action by September 26, 2025, to potentially become lead plaintiffs [2]. - Participants will be enrolled in a portfolio monitoring system to receive updates throughout the case lifecycle [2]. Group 3: Law Firm's Mission - The Gross Law Firm aims to protect investors' rights against deceit, fraud, and illegal business practices [3]. - The firm is committed to ensuring companies adhere to responsible business practices and good corporate citizenship [3].