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
03:10a JINDAL DRILLING INDUSTRIES : JDIL Board Meeting Notice - 12.12.2016
03:01a Marcus Hiles - On Superior Educational Opportunities of Suburban Living
02:46aDJPETER NICHOLAS : Exxon's Rex Tillerson Is Top Candidate for Secretary of State -- Update
02:45a PRIME MINISTER OFFICE OF REPUBLIC OF PANAMA : President Varela announces building of new market in San Miguelito
02:40a PING LI : Hyundai Heavy says wins $700 million order from Iran for 10 ships
02:07a MARCUS HILES : - and Western Rim Give 59 Acres of Land for Community Parks
02:04a Ghana's next leader under pressure to deliver for impatient voters
02:01a FEATURE : Michigan's Jabrill Peppers turns heads -- in every direction
01:57a As Prime Minister Trudeau meets with First Ministers, Health Coalition calls for both sides to give ground to forge a new Health Accord in the public interest
01:55a IXYS : Integrated Circuits Division Announces New High Voltage Dimmable LED Driver IC
Latest news
Advertisement
Hot News 
-18.13%RESTORATION HARDWARE : Hit by Business-Model Changes
1.99%BANK OF CHINA : Leads Bailout of Troubled Steel Trader
4.83%France's Elior eyes further profit, sales growth
-7.04%Macau eases gambling crackdown concerns after casino shares tumble
-14.17%SIBANYE GOLD : to Buy Stillwater Mining for $2.2 Billion--Update
Most Read News
06:00p LORENZO INTERNATIONAL : Approval In Principle In Relation To The Proposed Placement
07:12p RUSSIA-FRIENDLY CEO MAY BECOME TRUMP’S SECY OF STATE : Report
06:20p NATURAL COOL : Disclosure Of Interest/ Changes In Interest Of Substantial Shareholder(s)/ Unitholder(s) - Change In Interest - Lim Teck Chuan
07:30p GENERAL MOTORS : Cadillac disavows casting call for 'neo-Nazi' character in brand ad
06:20p DIC ASSET : Purchases Office Real Estate in Hanover with Around 18,000 Square Metres
Most recommended articles
08:46pDJPETER NICHOLAS : Exxon's Rex Tillerson Is Top Candidate for Secretary of State -- Update
08:40p PING LI : Hyundai Heavy says wins $700 million order from Iran for 10 ships
08:04p Ghana's next leader under pressure to deliver for impatient voters
07:30p GENERAL MOTORS : Cadillac disavows casting call for 'neo-Nazi' character in brand ad
04:34pDJGLENCORE : Qatar Investment Authority to Invest $2.6 Billion in Rosneft Deal