An investigation on behalf of current long term investors in Leidos Holdings, Inc. (NYSE: LDOS) shares over possible breaches of fiduciary duty by certain officers and directors was announced.
San Diego, CA -- (SBWIRE) -- 06/02/2021 -- Certain directors of Leidos Holdings, Inc are under investigation concerning potential breaches of fiduciary duties.
Investors who are current long term investors in Leidos Holdings, Inc. (NYSE: LDOS) 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 investors in NYSE: LDOS stocks follows a lawsuit filed against Leidos Holdings, Inc. over alleged securities laws violations. The investigation on behalf of current long term investors in NYSE: LDOS stocks, concerns whether certain Leidos Holdings directors are liable in connection with the allegations made in that lawsuit.
The plaintiff alleges that, the Defendants failed to disclose to investors that the purported benefits of the Company's acquisition of L3Harris' Security Detection & Automation businesses were significantly overstated, that Leidos' products suffered from numerous product defects, including faulty explosive detection systems at airports, ports, and borders, that, as a result of the foregoing, the Company's financial results were significantly overstated, and that, as a result of the foregoing, Defendants' positive statements about the Company's business, operations, and prospects were materially misleading and/or lacked a reasonable basis.
Those who purchased shares of Leidos Holdings, Inc. (NYSE: LDOS) 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
About Shareholders Foundation, Inc.
The Shareholders Foundation, Inc. is a professional portfolio monitoring and settlement claim filing service, , which does research related to shareholder issues and informs investors of securities class actions, settlements, judgments, and other legal related news to the stock/financial market. Shareholders Foundation, Inc. is in contact with a large number of shareholders and offers help, support, and assistance for every shareholder. The Shareholders Foundation, Inc. is not a law firm. Referenced cases, investigation, and/or settlements are not filed/reached and/or related to Shareholders Foundation. The information is provided as a public service. It is not intended as legal advice and should not be relied upon.