Sign in Subscribe
Class action lawsuits

Lockheed Martin Corporation Faces Class Action Lawsuit Over Securities Fraud

Strategic Insights

— 1 min read

Lockheed Martin Corporation, a major defense contractor, has been hit with a class action lawsuit alleging securities fraud between January 23, 2024, and July 21, 2025. The lawsuit claims that the company misrepresented its financial performance and lacked effective internal controls, leading to significant losses for investors. The lawsuit seeks to recover losses for shareholders who were affected by the alleged fraud.

Key Takeaways:

  • Lockheed Martin Corporation is facing a class action lawsuit over allegations of securities fraud between January 23, 2024, and July 21, 2025.
  • The lawsuit claims that the company made false statements and/or concealed its lack of effective internal controls, leading to overstated contract commitments and financial losses.
  • The complaint alleges that Lockheed Martin lacked effective procedures to perform comprehensive reviews of program requirements, technical complexities, schedule, and risks.
  • The lawsuit seeks to recover losses for shareholders who were affected by the alleged fraud.
  • The law firm Levi & Korsinsky LLP is representing the plaintiffs in the case, and individuals who suffered losses in Lockheed Martin Corporation stock can contact the firm to learn about their rights.
  • Levi & Korsinsky has extensive expertise in complex securities litigation and has secured hundreds of millions of dollars for aggrieved shareholders.
  • The firm has ranked in ISS Securities Class Action Services' Top 50 Report as one of the top securities litigation firms in the United States for seven years in a row.

Statistics:

  • The class action lawsuit covers a period of approximately 18 months.
  • Lockheed Martin Corporation's stock price may have been affected by the alleged securities fraud.
  • The lawsuit seeks to recover losses for shareholders who were affected by the alleged fraud.
  • Levi & Korsinsky LLP has secured hundreds of millions of dollars for aggrieved shareholders in the past.
  • The firm has a team of over 70 employees to serve its clients.

Sources:

  • https://zlk.com/pslra-1/lockheed-martin-corporation-lawsuit-submission-form?prid=169119&wire=5&utm_campaign=11
  • Levi & Korsinsky, LLP. (2025). Press Release. Retrieved from https://www.newsfilecorp.com/release/267661
  • ISS Securities Class Action Services. (2022). Top 50 Report. Retrieved from https://www.issgovernance.com/index.php?option=com_content&view=article&id=1289:iss-top-50-securities-litigation-firms&catid=2:iss-top-50&Itemid=80

Read more