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

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 CEST

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
React to this article
Latest news
Date Title
03:12a Breaking Baidu's monopoly would help curb selling of search rankings
03:12a City thriving in growing sector of call centers
03:11a Small businesses dampen hiring plans as confidence drops
03:09a MATSA RESOURCES : Ground EM Survey Commences Mt Day Nickel Project
03:07a CHAOS IN THE STREETS : The Great Jacksonville Fire of 1901
03:06a RESOURCE CAPITAL CORP. : Reports Results for Three Months Ended March 31, 2016
03:05a OUTERWALL : Cellphone recycler ecoATM slashes workforce
03:05a MAXLINEAR : buys cell tower chip assets from Microsemi
03:05a PLANET FITNESS : Whitehaven Plaza ousts French Riviera Spa for Planet Fitness
03:04a VENTUREX RESOURCES : Lithium Potential on Sulphur Springs Mining Leases
Latest news
Advertisement
Hot News 
Levi & Korsinsky, LLP Notifies Shareholders of DS Healthcare Group, Inc. of Class Action Lawsuit and a Lead Plaintiff Deadline of May 31, 2016
PETRO MATAD : Partner Exit from Blocks IV and V in Mongolia
SAREPTA THERAPEUTICS INC : Weekly Biotech Update from Market Exclusive Covering - Acadia Pharmaceuticals Inc. (NASDAQ:ACAD), Kempharm Inc. (NASDAQ:KMPH), Pfizer Inc. (NYSE:PFE), Sarepta Therapeutics Inc (NASDAQ:SRPT), Collegium Pharmaceutical Inc. (NASDAQ:COLL),
BIND THERAPEUTICS : Initiates Voluntary Chapter 11 Bankruptcy Protection Proceeding
Oracle to buy utility software maker Opower
Most Read News
06:12p GEARY COMPANY ADVERTISING : Campaign for Tunica Convention and Visitors Bureau Earns Top Honors at Mississippi Governor's Conference on Tourism
08:34p RIO TINTO COAL AUSTRALIA PTY : reveals its largest violet diamond from the Argyle mine
06:50p BANK OF AMERICA CORPORATION : Filed Quarterly Report on Form 10-Q
06:01p AEGION CORPORATION : Reports 2016 First Quarter Financial Results
06:08p Tourist Spending in San Luis Obispo County Grows to $1.58 Billion* in 2015
Most recommended articles
08:59p Asian stocks break four-day losing streak, RBA in focus
08:55pDJSwiss Economy Gained From Negative Rates, Intervention, Says Central Bank Chief
08:53pDJChina Molybdenum Buys Anglo American's Brazilian Businesses for $1.5 Billion
08:47p Vanguard says app glitch led to inflated balances shown on Apple devices
08:18p Starboard's Smith says Yahoo 'welcoming' since his arrival