Shareholders Foundation, Inc.

L-3 Communications Holdings, Inc. (NYSE:LLL) Investor Alert: Lawsuit Alleges Misleading Statements

A lawsuit was filed on behalf of investors in L-3 Communications Holdings, Inc. (NYSE:LLL) shares over alleged securities laws violations. Deadline: September 30, 2014. NYSE:LLL investors should contact the Shareholders Foundation.

 

San Diego, CA -- (SBWIRE) -- 08/11/2014 -- An investor, who purchased shares of L-3 Communications Holdings, Inc. (NYSE:LLL), filed a lawsuit in the U.S. District Court for the Southern District of New York over alleged violations of Federal Securities Laws by L-3 Communications Holdings, Inc. in connection with certain allegedly false and misleading statements made between April 25, 2013 and July 30, 2014.

Investors who purchased shares L-3 Communications Holdings, Inc. (NYSE:LLL) have certain options and for certain investors are short and strict deadlines running. Deadline: September 30, 2014. NYSE:LLL investors should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.

According to the complaint 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.

L-3 Communications Holdings, Inc. reported that its annual Total Revenue declined from over $13.14 billion in 2012 to over $12.62 billion in 2013 and that its respective Net Income fell from $810.00 million to $778.00 million. Shares of L-3 Communications Holdings, Inc. (NYSE:LLL) grew from $81.39 per share in April 2013 to as high as $126.76 per share in June 2014.

Then 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 $104.75 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