The Schall Law Firm, a national shareholder rights litigation firm, announces that it is investigating claims on behalf of investors of Lockheed Martin Corporation (“Lockheed Martin” or “the Company”) (NYSE: LMT) for violations of the securities laws.
The investigation focuses on whether the Company issued false and/or misleading statements and/or failed to disclose information pertinent to investors. Lockheed Martin announced its third-quarter 2021 financial results on October 26, 2021. As part of its report, the Company stated that it would take a $1.7 billion non-cash pension settlement charge. This charge decreased the Company’s net income by $4.72 per share. Based on this news, shares of Lockheed Martin fell by almost 12% on the same day.
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The class in this case has not yet been certified, and until certification occurs, you are not represented by an attorney. If you choose to take no action, you can remain an absent class member.
The Schall Law Firm represents investors around the world and specializes in securities class action lawsuits and shareholder rights litigation.
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The Schall Law Firm
Brian Schall, Esq.