Sign in Subscribe
Class action lawsuits

Shareholder Files Securities Class Action Lawsuit Against Lockheed Martin Corporation

Strategic Insights

— 1 min read

A shareholder has filed a securities class action lawsuit against Lockheed Martin Corporation on behalf of investors who purchased or acquired the company's securities between January 23, 2024, and July 21, 2025. The suit alleges that the company made misrepresentations about its internal controls regarding risk-adjusted contracts and the reporting of its risk-adjusted profit booking rate. The lead plaintiff must be selected by September 26, 2025, and representation is on a contingency fee basis, with shareholders paying no fees or expenses. Bernstein Liebhard LLP, a law firm with over $3.5 billion in recovered client funds, is handling the case.

Key Takeaways:

  • The lawsuit alleges that Lockheed Martin made misrepresentations about its internal controls regarding risk-adjusted contracts and the reporting of its risk-adjusted profit booking rate.
  • The class action lawsuit includes investors who purchased or acquired the company's securities between January 23, 2024, and July 21, 2025.
  • The lead plaintiff must be selected by September 26, 2025.
  • Representation is on a contingency fee basis, with shareholders paying no fees or expenses.
  • Bernstein Liebhard LLP has recovered over $3.5 billion for its clients since 1993 and has been named to The National Law Journal's Plaintiffs Hot List thirteen times and listed in The Legal 500 for sixteen consecutive years.
  • Lockheed Martin is one of the largest defense contractors in the world, with a market capitalization of over $100 billion.
  • The company has faced several controversies in the past, including allegations of overcharging the government and poor business practices.

Statistics:

  • $3.5 billion: The amount recovered by Bernstein Liebhard LLP for its clients since 1993.
  • 16: The number of consecutive years Bernstein Liebhard LLP has been listed in The Legal 500.
  • 13: The number of times Bernstein Liebhard LLP has been named to The National Law Journal's Plaintiffs Hot List.
  • $100 billion: The market capitalization of Lockheed Martin Corporation.
  • 1/23/2024 - 7/21/2025: The time period during which investors purchased or acquired Lockheed Martin securities.

Sources:

  • Bernstein Liebhard LLP
  • Lockheed Martin Corporation Shareholder Class Action Lawsuit
  • The National Law Journal
  • The Legal 500

Read more