Billions

Lockheed Martin Faces Class Action Lawsuit as Investors Claim Misleading Financial Practices Led to Billions in Losses

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SAN FRANCISCO — A securities class action lawsuit has been initiated against Lockheed Martin Corporation in response to allegations that the aerospace giant misled investors regarding its financial status. The suit, identified as Khan v. Lockheed Martin Corporation, claims the company failed to reveal insufficient internal controls to evaluate program risks, affecting investor decisions. This lawsuit pertains to shareholders who purchased stock between January 23, 2024, and July 21, 2025. According to the filing, Lockheed Martin’s representations during this period painted an inaccurately optimistic view of its operational health, particularly regarding its Aeronautics and Rotary … Read more

High-Stakes Showdown: Meta Faces Billions in Class Action as AI Complications Loom Large

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In San Francisco, California, a landmark class action trial against Meta is set to unfold, with billions of dollars at stake. This lawsuit, which centers on allegations of privacy violations and deceptive practices, could have significant implications for social media policies and user rights across the digital landscape. The case highlights a growing trend of class actions targeting major tech companies. Legal experts suggest that the outcome may influence future litigation involving artificial intelligence, an area many are concerned is rife with complications and potential missteps. As businesses increasingly rely on AI technologies, the legal … Read more

Federal Judge Stops Trump Administration from Freezing Billions in State Funding, Upholds Congressional Authority

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PROVIDENCE, R.I. — A significant legal ruling on Thursday saw a U.S. federal judge in Rhode Island halt an attempt by the administration of President Donald Trump to withhold billions of dollars in federal funds previously approved by Congress for 22 states and the District of Columbia. The judge’s decision emphasized that the administration overreached its authority, encroaching on constitutional powers designated to Congress regarding fiscal allocations. Chief Judge John J. McConnell Jr. of the U.S. District Court for the District of Rhode Island presided over the case, delivering a detailed opinion that highlighted the … Read more

Federal Judge Extends Block on Trump Administration’s Attempt to Freeze Billions in Federal Funding

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WASHINGTON — A federal judge in the nation’s capital has extended a prohibition on the Trump administration’s ability to interfere with federal loans and grants, marking a significant blow to a policy that sought to halt billions in government spending. U.S. District Judge Loren AliKhan issued a preliminary injunction on Tuesday, suggesting a strong chance of success for the nonprofit groups that have challenged the administration’s actions in court. This recent order follows a temporary restraining order by AliKhan, which had initially halted the administration’s sudden suspension of federal aid. Such sweeping freezes were originally … Read more