The briscoe law firm and powers taylor, llp announce investigation of lockheed martin corporation

Dallas--(business wire)--former united states securities and exchange commission attorney willie briscoe, founder of the briscoe law firm, pllc, and the securities litigation firm of powers taylor, llp announce that a federal class action lawsuit has been filed against lockheed martin corporation (“lockheed martin” or “lmt”) (nyse: lmt). the firms are investigating additional potential legal claims against the officers and board of directors of lockheed martin during the period of april 21, 2009 through july 21, 2009 (the “class period”). if you are an affected investor, and you want to learn more about the lawsuit or join the action, contact patrick powers at powers taylor, llp, toll free (877) 728-9607, via e-mail at patrick@powerstaylor.com, or willie briscoe at the briscoe law firm, pllc toll free (877) 397-5991, or via email at wbriscoe@thebriscoelawfirm.com. there is no cost or fee to you. it has been alleged in a recently-filed complaint that during the class period, lockheed martin and certain of its officers and directors made materially false and misleading statements or failed to disclose material information related to lockheed martin’s business and operations in violation of the securities exchange act of 1934. specifically, it is alleged that the defendants issued materially false and misleading statements regarding lockheed martin’s business and prospects. among other allegations, the complaint alleges that defendants misrepresented and/or failed to disclose that (a) lockheed martin 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. the briscoe law firm is a full service business litigation, commercial transaction, and public advocacy firm with more than 20 years of experience in complex litigation and transactional matters. powers taylor, llp is a boutique litigation law firm that handles a variety of complex business litigation matters, including claims of investor and stockholder fraud, shareholder oppression, shareholder derivative suits, and security class actions.
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