Log in
Login
Password
Remember
Lost password
Become a member for free
Sign up
Sign up
Settings
Settings
Dynamic quotes 

4-Traders Homepage  >  News

News

Latest NewsCompaniesMarketsEconomy & ForexCommoditiesHot NewsMost Read NewsRecomm.Business LeadersVideosCalendar 

EQUITY ALERT: The Rosen Law Firm Announces Securities Fraud Class Action Against L3 Communications Holdings -- LLL

08/04/2014 | 12:00pm US/Eastern

NEW YORK, Aug. 4, 2014 (GLOBE NEWSWIRE) -- The Rosen Law Firm, P.A. today announced that a class action lawsuit has been filed on behalf of purchasers of L3 Communications Holdings, Inc. (NYSE:LLL) securities during the period from April 25, 2013 through July 30, 2014, seeking to recover damages for L3 Communications shareholders for violations of the federal securities laws.

To join the L3 Communications class action, visit the firm's website at http://rosenlegal.com, or call Phillip Kim, Esq. or Yu Shi, Esq. toll-free, at 866-767-3653; you may also email pkim@rosenlegal.com or lrosen@rosenlegal.com for information on the class action.

NO CLASS HAS YET BEEN CERTIFIED IN THE ABOVE ACTION. UNTIL A CLASS IS CERTIFIED, YOU ARE NOT REPRESENTED BY COUNSEL UNLESS YOU RETAIN ONE. YOU MAY CHOOSE TO DO NOTHING AT THIS POINT AND REMAIN AN ABSENT CLASS MEMBER.

The lawsuit asserts violations of the federal securities laws against L3 Communications and its officers and directors for issuing false and misleading statements about the Company's financial condition. The Complaint alleges that L3 Communications overstated its net sales and inappropriately deferred contract cost overruns during the Class Period. On July 31, 2014, Company announced it expects to take a pre-tax charge of $84 million, resulting in a reduction of operating income, as well as a related reduction in net sales of $43 million. 

When the market learned of these accounting improprieties, L3 Communications' stock price dropped, damaging investors. The class action seeks to recover investors' losses.

If you wish to serve as lead plaintiff, you must move the Court no later than September 30, 2014. A lead plaintiff is a representative party acting on behalf of other class members in directing the litigation. If you wish to join the litigation, or to discuss your rights or interests regarding this class action, please contact Phillip Kim, Esq. or Yu Shi, Esq. of The Rosen Law Firm, toll-free, at 866-767-3653, or via e-mail at pkim@rosenlegal.com or yshi@rosenlegal.com. You may also visit the firm's website at http://rosenlegal.com. The Rosen Law Firm represents investors throughout the globe, concentrating its practice in securities class actions and shareholder derivative litigation.

CONTACT: Laurence Rosen, Esq.
         Phillip Kim, Esq.
         Yu Shi, Esq.
         The Rosen Law Firm, P.A.
         275 Madison Avenue, 34th Floor
         New York, New York 10016
         Tel:  (212) 686-1060
         Toll Free: 1-866-767-3653
         Fax: (212) 202-3827
         lrosen@rosenlegal.com
         pkim@rosenlegal.com
         yshi@rosenlegal.com
         www.rosenlegal.com

© GlobeNewswire 2014
React to this article
Latest news
Date Title
09:26pDJChina Manufacturing Activity Slips in July
09:23p Pacific trade talks unlikely to end in deal - source
09:19p WHOLE FOODS MARKET : Investors, analysts wonder what future holds for Whole Foods
09:19p Puerto Rico will fail to make Aug.1 payment, signaling default
09:19p White House says no expectation of federal bailout for Puerto Rico
09:16p DEPARTMENT OF FINANCE OF CANADA : Consults on Draft Tax Legislative Proposals
09:16p CHINA HUISHAN DAIRY : Voluntary announcement - share repurchase
09:16p GOVERNMENT OF CANADA : Canada to Increase Food Security and Stimulate Sustainable Economic Growth in East Africa
09:12p MITSUBISHI : EDITORIAL: Car factory for sale: Mitsubishi plant in Normal, Ill.
09:06p WEST TEXAS RESOURCES : Fundraising effort for Luke Siegel raises more than $40,000, so far
Latest news
Advertisement
Hot News 
ANGLESEY MINING : Final Results and annual report
CAMBIUM GLOBAL TIMBERLAND : Appoints Tony Gardner As Chairman
EQUATORIAL PALM OIL : Non-Executive Buys Shares (DIRECTOR DEALINGS)
FAIR VALUE REIT : DGAP-WpÜG: Takeover Offer ;
CHIME COMMUNICATIONS : Rule 2.7 Announcement - Chime Communications plc
Most Read News
08:34p PAK-CHINA RELATIONS : Army chief vows to protect CPEC
06:55p Scott+Scott Files New Class Action Complaint in Foreign Exchange Lawsuit
06:57p Government of Canada Strengthens Maritime Trade and Tourism in Prince Rupert
06:53p Harper Government Invests in Improvements to Richmond's Community Infrastructure
06:58p U.S. Marine Corps Declares the F-35B Operational
Most recommended articles
09:26pDJChina Manufacturing Activity Slips in July
09:23p Pacific trade talks unlikely to end in deal - source
09:19p Puerto Rico will fail to make Aug.1 payment, signaling default
09:19p White House says no expectation of federal bailout for Puerto Rico
08:59p Pacific Rim free trade talks unlikely to end in deal - sources