Core Viewpoint - Lockheed Martin Corporation is facing a class action lawsuit for alleged violations of the Securities Exchange Act of 1934, with claims of misleading statements and lack of effective internal controls during the specified class period from January 23, 2024, to July 21, 2025 [1][3]. Group 1: Allegations and Financial Impact - The lawsuit alleges that Lockheed Martin made false statements regarding its internal controls and risk management related to contracts, leading to overstated capabilities in delivering on contract commitments [3]. - Significant financial losses were reported by Lockheed Martin, including an $80 million loss on a classified program announced on October 22, 2024, which caused a stock price drop of over 6% [4]. - On January 28, 2025, Lockheed Martin disclosed pre-tax losses of $1.7 billion related to classified programs, resulting in a stock price decline of more than 9% [5]. - An additional $1.6 billion in pre-tax losses was reported on July 22, 2025, including $950 million related to the Aeronautics Classified program, leading to a nearly 11% drop in stock price [6]. Group 2: Legal Process and Representation - Investors who purchased Lockheed Martin securities during the class period can seek appointment as lead plaintiff in the class action lawsuit, representing the interests of all class members [7]. - The lead plaintiff has the authority to select a law firm for litigation, and participation as lead plaintiff does not affect the ability to share in any potential recovery [7]. Group 3: Firm Background - Robbins Geller Rudman & Dowd LLP is a leading law firm specializing in securities fraud and shareholder litigation, having secured over $2.5 billion for investors in 2024 alone [8].
LMT INVESTOR DEADLINE: Robbins Geller Rudman & Dowd LLP Announces that Lockheed Martin Corporation Investors with Substantial Losses Have Opportunity to Lead Investor Class Action Lawsuit