Napoli Shkolnik Files $4.25 Billion Lawsuit Against Lockheed Martin on Behalf of SDR Group [Yahoo! Finance]
Lockheed Martin Corporation (LMT)
Last lockheed martin corporation earnings: 4/21 07:30 am
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Source: Yahoo! Finance
for the Eastern District of Virginia on behalf of SDR Group (Sustainable Development Resources, LLC), a Puerto Rico-based geophysical surveying and logistics technology company, against Lockheed Martin Corporation and eight co-defendants. The complaint alleges a multi-year insider scheme in which Lockheed Martin employees, consultants, and certain suppliers acted as trusted advisors to the SDR Group while covertly working to misappropriate the plaintiffs' proprietary business model to launch a competing aerospace venture, AT2 Aerospace. The defendants allegedly cut SDR Group out of a Lockheed Martin-proposed and negotiated $3.4 billion deal. "This case exposes a brazen betrayal of trust and a calculated scheme to appropriate a multi-billion-dollar opportunity," said Hunter J. Shkolnik, founding partner at Napoli Shkolnik. "Our clients poured years of effort, expertise, and significant capital into developing a groundbreaking commercial model, only to have their innovations and bus
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LMT
Earnings
- 1/29/26 - Miss
LMT
Sec Filings
- 3/13/26 - Form 4
- 3/11/26 - Form 144
- 2/27/26 - Form 144
- LMT's page on the SEC website