By Helen Reid LONDON (Reuters) -Online fast-fashion retailer Shein is strengthening its controls after a string of fines over data privacy breaches, fake discounts and greenwashing, according to a letter to investors, internal memos and two sources with direct knowledge of the plan. Shein, which ships cheap clothes and accessories direct from factories in China to more than 150 countries, has grown to become the world's biggest fast fashion retailer by sales. But its rapid expansion has been accompanied ...

Core Viewpoint - A securities class action lawsuit has been filed against Lockheed Martin Corporation, alleging that the company misled investors about its financial health and internal controls from January 23, 2024, to July 21, 2025 [1][2]. Group 1: Allegations and Misrepresentations - The lawsuit claims Lockheed Martin overstated its operational capabilities, particularly in the Aeronautics and Rotary and Mission Systems (RMS) segments, while failing to disclose inadequate internal controls [2]. - It is alleged that the company lacked effective procedures to accurately assess program requirements and risks, leading to undisclosed potential significant losses [2]. Group 2: Impact of Disclosures - A series of negative disclosures revealed the company's financial issues, resulting in significant stock price drops, including a nearly 11% decline on the final disclosure [3]. - Specific financial losses reported include $1.8 billion in pre-tax losses in the Aeronautics segment on January 28, 2025, and an additional $950 million and $570 million in pre-tax losses for the Aeronautics and RMS segments, respectively, disclosed on July 22, 2025 [6]. Group 3: Investigation and Focus - Hagens Berman is investigating the claims on behalf of affected investors, focusing on whether the losses were a foreseeable consequence of poor internal controls and miscommunication of risks [4][5]. - The investigation aims to determine if executives were aware of the inadequacies in internal controls and whether they were transparent about the risks leading to substantial write-downs [5].

Core Viewpoint - Lockheed Martin Corporation is facing a class action lawsuit due to alleged false statements and failures to disclose critical information that resulted in significant financial losses for investors during the specified class period from January 23, 2024, to July 21, 2025 [1][3][4]. Group 1: Allegations Against Lockheed Martin - The lawsuit claims that Lockheed Martin lacked effective internal controls over risk-adjusted contracts, impacting the accuracy of profit reporting [5]. - It is alleged that the company did not have adequate review procedures for program requirements, technical complexities, schedules, and risks [5]. - Lockheed Martin is accused of overstating its ability to fulfill contract commitments, particularly regarding cost, quality, and schedule [5]. - The lawsuit suggests that these failures made it likely for Lockheed Martin to report significant financial losses [5]. Group 2: Financial Impact and Stock Price Reactions - On October 22, 2024, Lockheed Martin announced an $80 million loss on a classified program, leading to a stock price drop of over 6% [5]. - A January 28, 2025 announcement revealed pre-tax losses of $1.7 billion, causing the stock price to decline by more than 9% [5]. - Following a July 22, 2025 announcement of an additional $1.6 billion in pre-tax losses, Lockheed Martin's stock price fell nearly 11% [5].