Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
Settings
Settings
Dynamic quotes 
OFFON

4-Traders Homepage  >  News

News

Latest NewsCompaniesMarketsEconomy & ForexCommoditiesInterest RatesHot NewsMost Read NewsRecomm.Business LeadersCalendar 

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

share with twitter share with LinkedIn share with facebook
share via e-mail
0
08/04/2014 | 06:00pm CET

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
share with twitter share with LinkedIn share with facebook
share via e-mail
0
Latest news
Date Title
01:16aDJCARLOS GHOSN : Top Company News of the Day
01:16aDJNEWS HIGHLIGHTS : Top Global Markets News of the Day
01:16a LUNDIN MINING : Declaration of Dividend
01:15a LUNDIN MINING : Declaration of Dividend
01:14a MICROSOFT : CEO Satya Nadella launches skilling tool for India
01:14a VICE PRESIDENT ANSARI'S VISIT WILL PAVE WAY FOR BUSINESS OPPORTUNITY : Honorary consul to Uganda
01:14a PUBLIC STORAGE : Reports Results for the Fourth Quarter and Year Ended December 31, 2016
01:13a NOVX21 : Pounce Moves to the NEX
01:12a Top banks' commodities revenue drops 7 percent in 2016 - survey
01:12a SIMS METAL MANAGEMENT : Appendix 3B
Latest news
Advertisement
Hot News 
-19.77%SERCO : slumps as turnaround faces political uncertainties
-8.90%Weir hurt by weak oil prices while peer Petrofac sees order uptick
6.06%TOLL BROTHERS : Reports Increase in Contracts, Profit Decline
-6.60%Opioid-maker Indivior's shares slump on worries of lawsuit costs
4.00%DOW CHEMICAL : DuPont on Track to Win Merger Clearance From EU Regulators -- Sources
Most Read News
06:22p PRUDENTIAL FINANCIAL : may hit Wells Fargo for account scandal costs-filing
06:15p MAPLE LEAF FOODS : Cash-rich Maple Leaf Foods sees abundant U.S. deal opportunities
06:12p ERM POWER : announces renewables offtake agreements
06:14p U S SILICA : Silica Holdings reports 4Q loss
06:12p URANIUM RESOURCES : Reports Favorable Lithium Concentrations at the Columbus Basin Project
Most recommended articles
07:12p Top banks' commodities revenue drops 7 percent in 2016 - survey
07:08p AMAZON COM : One fifth of UK shoppers fear Brexit may impact spending - PwC survey
07:03pDJCREDIT SUISSE : Under Investigation for Aiding Tax Evasion at Israeli Unit
06:56p NISSAN MOTOR : appoints Hiroto Saikawa as CEO
06:41pDJUnilever Launches Review After Rejecting Kraft Heinz Offer--3rd Update