Financial

Unlocking Financial Freedom: Strategies for Maximizing Excess Earnings in Retirement

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Boston, Massachusetts – Retirement plans can sometimes come with excess earnings, a topic sparking significant conversation among legal professionals. As the landscape of retirement benefits evolves, understanding these excess earnings and their implications is crucial for attorneys and their clients. In recent years, law firms and their partners have increasingly focused on how excess earnings are categorized within retirement plans. These earnings, often derived from various investment activities, can impact not only the partners’ retirement future but also the distribution of profits among firm members. As a result, firms must navigate the intricate balance between … Read more

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

Investors Sue Lockheed Martin Over Allegations of Financial Misleading Amidst Major Losses

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SAN FRANCISCO — A securities class action has been initiated against Lockheed Martin Corporation, aimed at protecting investors who purchased shares from January 23, 2024, to July 21, 2025. The case, known as Khan v. Lockheed Martin Corporation, alleges that the defense contractor misrepresented its financial stability by not disclosing weaknesses in its internal control systems that assess risks related to various programs. The lawsuit highlights a concerning trend of disclosures that caused Lockheed Martin’s stock price to plummet. According to the complaint, the company reportedly overstated its operational capabilities, particularly within its Aeronautics and … Read more

Andersen Welcomes Legal Heavyweight Jesús Mardomingo to Strengthen Financial M&A Practice

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Madrid, Spain — Andersen announced the addition of Jesús Mardomingo as a partner in its Financial M&A division, enhancing the firm’s capabilities in banking and financial law. Mardomingo brings over 35 years of legal expertise, having advised a range of public and private financial institutions along with various government agencies. José Vicente Morote, managing partner of Andersen Iberia, praised Mardomingo, describing him as a pivotal figure in banking and financial law. Morote emphasized Mardomingo’s dedication to excellence and innovation in legal advising, noting that his values align seamlessly with Andersen’s corporate culture. “We are thrilled … Read more