The Shareholders Foundation announces that a deadline is coming up on September 30, 2014 in the lawsuit filed for investors of L-3 Communications Holdings, Inc. (NYSE:LLL) over alleged Violations of Federal Securities Laws.
Investors who purchased shares of L-3 Communications Holdings, Inc. (NYSE:LLL) have certain options and there are strict and short deadlines running. Deadline: September 30, 2014. L-3 Communications Holdings, Inc. (NYSE:LLL) stockholders should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 – 1554.
According to the complaint filed in the U.S. District Court for the Southern District of New York the plaintiff alleges on behalf of purchasers of L-3 Communications Holdings, Inc. (NYSE:LLL) common shares between April 25, 2013 and July 30, 2014, that the defendants violated Federal Securities Laws.
More specifically, the plaintiff claims that L-3 Communications Holdings, Inc. overstated its net sales and inappropriately deferred contract cost overruns between April 25, 2013 and July 30, 2014.
On July 31, 2014, L-3 Communications Holdings, Inc. announced that 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. Shares of L-3 Communications Holdings, Inc. declined from $119.64 per share on July 30, 2014, to $99.33 per share on July 31, 2014.
On August 8, 2014, NYSE:LLL shares closed at $114.78 per share.
Those who purchased shares of L-3 Communications Holdings, Inc. (NYSE:LLL) have certain options and should contact the Shareholders Foundation.
Contact:
Shareholders Foundation, Inc.
Michael Daniels
3111 Camino Del Rio North – Suite 423
92108 San Diego
Phone: +1-(858)-779-1554
Fax: +1-(858)-605-5739
mail@shareholdersfoundation.com