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Will recent stock market declines for Honeywell International, Lockheed Martin, and Petrofac lead to securities class actions?

Plaintiff Attorney Are Investing Potential Violations Of Federal Securities Laws Against each Company



Plaintiff attorneys who specialize in securities class actions are currently investigating potential claims against the following firms: Honeywell International, Lockheed Martin, and Petrofac.

Below is a brief description of each investigation. If you are interested in discussing a potential litigation, whether as a lead plaintiff for a class action or through a private litigation, please give us a call at 312-204-6970. We can review the merits of each case, your trade data and positions, advise a best path forward, and if necessary refer you to an attorney who would be best suited to your needs.

 

Honeywell International

Symbol: HON

Class Period: 2/12/2021 – 10/21/2021

 

Plaintiff attorneys are investigating Honeywell International for potential violations of federal securities laws.  On October 22, 2021, Honeywell disclosed that it  expects a $160 million loss in light of investigations by the U.S. Department of Justice, the SEC and Brazilian authorities over bribery allegations related to its business in Brazil.  Honeywell recorded a charge for the same amount.  On this news, Honeywell’s stock price fell $7.12 per share to close at $217.40 per share on October 22, 2021.

 

 

Lockheed Martin Corporation

Symbol: LMT

Class Period: 1/28/2021 – 10/25/2021

 

Plaintiff attorneys are investigating Lockheed Martin for potential violations of federal securities laws.  On October 26, 2021, Lockheed Martin announced its third quarter results for 2021 and disclosed that the Company was taking a $1.7 billion pension settlement charge, which depressed its net income by $4.72 per share.  On this news, Lockheed Martin’s stock price fell $44.42 per share.

 

 

Petrofac Limited

Symbol: POFCY, POFCF

Class Period: 4/20/2021 – 10/25/2021

 

Plaintiff attorneys are investigating Petrofac Limited for potential violations of federal securities laws.  On October 26, 2021, Petrofac announced that it would raise $275 million via a stock sale to pay a fine for bribery-related offences pertaining to its Middle East.  On this news, Petrofac’s share price fell sharply.


 (Source: Pomerantz LLC)



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