San Diego, CA -- (SBWire) -- 10/07/2014 --The Shareholders Foundation announces that an investigation on behalf of current long-term investors in shares of L-3 Communications Holdings, Inc. (NYSE:LLL) is ongoing concerning potential breaches of fiduciary duties by certain directors and officers.
Investors who are current long term investors in L-3 Communications Holdings, Inc. (NYSE:LLL shares, have certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.
The investigation by a law firm for current long term investors in (NYSE:LLL stocks follows a lawsuit filed recently against L-3 Communications Holdings, Inc. over alleged securities laws violations. The investigation on behalf of current long term investors in NYSE:LLL stocks, concerns whether certain L-3 Communications Holdings officers and directors are liable in connection with the allegations made in that lawsuit.
According to that complaint filed in the U.S. District Court for the Southern District of New York the plaintiff alleges 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 October 3, 2014, NYSE:LLL shares closed at $115.09 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
L-3 Communications Holdings, Inc. (NYSE:LLL) Long-Term Investor Alert: Investigation of Potential Wrongdoing
An investigation on behalf of current long term investors in L-3 Communications Holdings, Inc. (NYSE:LLL) shares over possible breaches of fiduciary duty by certain officers and directors was announced and NYSE:LLL stockholders should contact the Shareholders Foundation.