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City of Pontiac General Employee's Retirement System v. Lockheed Martin Corporation et al
Case Number:
1:11-cv-05026
Court:
Nature of Suit:
Multi Party Litigation:
Class Action
Judge:
Firms
Companies
Sectors & Industries:
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February 20, 2013
Lockheed Pays $19M To End Investors' Info Systems Biz Suit
A class of Lockheed Martin Corp. investors asked a New York federal court Tuesday to approve a $19.5 million settlement to end its securities suit alleging the defense giant misled investors about the strength its information systems business.
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December 14, 2012
Lockheed Investors Win Class Cert. In Securities Fight
A New York federal judge on Friday certified a class of Lockheed Martin Corp. investors in a securities fraud lawsuit accusing the company of puffing up investor expectations about its information systems business despite the unit's struggle to maintain government contracts.
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September 18, 2012
Judge Shields DLA Piper Docs In Lockheed Securities Row
Plaintiffs in a class action accusing Lockheed Martin Corp. of inflating investor expectations about its information systems business can't gain access to interview materials of confidential witnesses conducted by Lockheed defense counsel DLA Piper, a New York federal judge ruled on Tuesday.
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February 15, 2012
Lockheed Execs Duck Claims In Shareholder Action
A New York federal judge on Wednesday threw out claims holding Lockheed Martin Corp. executives personally responsible in a class action accusing the company of puffing up investor expectations about its information systems business despite the unit's struggle to maintain contracts.
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July 22, 2011
Lockheed Martin Hit With Shareholder Class Action
A pension fund filed a class action in New York on Wednesday alleging Lockheed Martin Corp. defrauded investors with bullish statements about its information systems business in 2009.