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LMT LAWSUIT ALERT: Levi & Korsinsky Notifies Lockheed Martin Corporation Investors of a Class Action Lawsuit and Upcoming Deadline
Lockheed MartinLockheed Martin(US:LMT) GlobeNewswire News Roomยท2025-08-11 20:28

Core Viewpoint - A class action securities lawsuit has been filed against Lockheed Martin Corporation, alleging securities fraud that affected investors between January 23, 2024, and July 21, 2025 [1][2]. Group 1: Allegations of Fraud - The lawsuit claims that Lockheed Martin lacked effective internal controls regarding its risk-adjusted contracts and the reporting of its profit booking rate [2]. - It is alleged that the company did not have adequate procedures for comprehensive reviews of program requirements, technical complexities, schedules, and risks [2]. - The complaint states that Lockheed Martin overstated its ability to fulfill contract commitments in terms of cost, quality, and schedule, leading to a likelihood of significant losses [2]. - As a result of these issues, the positive statements made by the defendants about the company's business and prospects were materially misleading [2]. Group 2: Legal Process and Participation - Investors who suffered losses during the specified timeframe have until September 26, 2025, to request to be appointed as lead plaintiff [3]. - Participation in the lawsuit does not require serving as a lead plaintiff, and class members may be entitled to compensation without any out-of-pocket costs [3]. Group 3: Firm Background - Levi & Korsinsky has a history of securing hundreds of millions of dollars for shareholders and has been recognized as one of the top securities litigation firms in the United States for seven consecutive years [4].