Lockheed Martin Corporation Investor Lawsuit Deadline on September 16

Sept. 14, 2011 - PRLog -- A deadline is coming up on September 16, 2011 in the lawsuit filed for investor of Lockheed Martin Corporation .

Investors with a substantial investment in NYSE- LMT shares within the purchase time frame between April 21, 2009 and July 21, 2009 should get active before the Deadline that is coming up on September 16, 2011.

If you purchased Lockheed Martin Corporation  common stock between April 21, 2009 and July 21, 2009, you have certain options and there are strict and short deadlines running. Deadline: September 16 2011. Those NYSE-LMT stockholders should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.

According to the complaint filed in the United States District Court for the Southern District of New York plaintiff alleges on behalf of investors who purchased Lockheed Martin Corporation  common stock between April 21, 2009 and July 21, 2009, that Lockheed Martin Corp. and certain of its officers and directors violated the Securities Exchange Act of 1934 by issued materially false and misleading statements regarding the Company’s business and prospects

Shares of Lockheed Martin Corporation (Public, NYSE-LMT) traded as high as $111.67 during 2007 and as high as $117.27 in 2008, but fell in 2009 to as low as $58.85 per share.

On July 21, 2009, Lockheed Martin Corp. announced its financial results for the second quarter of 2009. Among other things, so the plaintiff, Lockheed Martin Corp reported disappointing results in its Information Systems & Global Systems division. Following the issuance of the press release, Lockheed Martin held a conference call to discuss the reported earnings and its operations. During the conference call, defendants described the problems facing the Information Systems & Global Systems division and admitted that Lockheed Martin Corp was not performing according to expectations in that important division, so the lawsuit.

The price of Lockheed Martin common stock declined from $82.11 per share to $75.13 per share on July 21, 2009. It took until the mid of September for NYSE LMT shares to break the $80 per share again.
Recently NYSE- LMT shares were down from over $80 per share in July 2011 and traded at slightly above $71 per share.

Those who purchased Lockheed Martin Corporation  common stock during the period between April 21, 2009 and July 21, 2009, you have certain options and there are strict and short deadlines running. Deadline: September 16, 2011. NYSE LMT stockholders should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.

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