SOURCE: Levi & Korsinsky, LLP

Levi & Korsinsky, LLP

July 21, 2011 18:27 ET

Levi & Korsinsky Notifies Investors With Losses on Their Investment in Lockheed Martin Corporation of Class Action Lawsuit and the September 16, 2011 Lead Plaintiff Deadline

NEW YORK, NY--(Marketwire - Jul 21, 2011) - Levi & Korsinsky announces that a class action lawsuit has been commenced in the United States District Court for the Southern District of New York on behalf of purchasers of Lockheed Martin Corporation ("Lockheed Martin" or the "Company") (NYSE: LMT) who purchased between April 21, 2009 through July 21, 2009 (the "Class Period").

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The complaint alleges that during the Class Period, defendants issued materially false and misleading statements regarding the Company's business and prospects. Among other allegations, the Complaint alleges that defendants misrepresented and/or failed to disclose that (a) the Company was experiencing significant performance issues with several projects in the Information Systems & Global Systems division and would not be receiving anticipated awards; (b) growth in this division was slowing due to lost contracts and contested contract awards; (c) as a result of the aforementioned, defendants lacked sufficient basis for their positive statements about the Company's financial state and prospects.

If you are a member of the class and suffered a loss in Lockheed Martin stock, you have until September 16, 2011 to request that the Court appoint you as lead plaintiff. Your ability to share in any recovery is not affected by the decision whether or not to serve as a lead plaintiff. To obtain additional information about your rights, contact Joseph Levi, Esq. either via email at or by telephone at (877) 363-5972, or visit

Levi & Korsinsky has expertise in prosecuting investor securities litigation and extensive experience in actions involving financial fraud and represents investors throughout the nation, concentrating its practice in securities and shareholder litigation. For more information, please feel free to contact any of the attorneys listed below. Attorney advertising. Prior results do not guarantee similar outcomes.

Contact Information

    Levi & Korsinsky, LLP
    Joseph Levi, Esq.
    Eduard Korsinsky, Esq.
    30 Broad Street - 15th Floor
    New York, NY 10004
    Tel: (212) 363-7500
    Toll Free: (877) 363-5972
    Fax: (212) 363-7171