LMT Investor Update: Securities Lawsuit Hits Lockheed Martin (LMT) Over Program Losses -- Hagens Berman
1. Lockheed Martin faces a class action lawsuit from misled investors. 2. The lawsuit alleges financial misrepresentation in key business segments. 3. Recent disclosures revealed $2.8 billion in pre-tax losses. 4. Stock prices saw an 11% drop after the last disclosure. 5. Investigation focuses on internal control failures and communication issues.