|[July 31, 2014]
L-3 Communications Investigation Initiated by Former Louisiana Attorney General: Kahn Swick & Foti, LLC Investigates L-3 Communications Holdings Inc. Following Disclosure of Accounting Irregularities
NEW ORLEANS --(Business Wire)--
Former Attorney General of Louisiana, Charles C. Foti, Jr., Esq., a
partner at the law firm of Kahn Swick & Foti, LLC ("KSF"), announces
that KSF has commenced an investigation into L-3 Communications (News - Alert) Holdings
Inc. (NYSE: LLL).
On July 31, 2014, L-3 Communications disclosed accounting irregularities
linked to an aerospace logistic support contract related primary to a
Defense Department contract, with overstated sales, cost overruns that
were inappropriately deferred, and alleged misconduct leading to the
firing of four employees and resignation of another employee. The
Company also disclosed that it would take an initial $84 million pretax
charge as it cut its full-year profit guidance.
On this news, the price of L-3 Communications's shares plummeted.
KSF's investigation is focusing on whether L-3 Communications and/or its
officers and directors violated state or federal securities laws.
If you are an L-3 Communications shareholder that has suffered losses
related to your investment or who purchased your shares during 2014, or
have information that would assist KSF in its investigation, you may,
without obligation or cost to you, e-mail or call KSF Managing Partner
Lewis Kahn (firstname.lastname@example.org)
or KSF Partner Melinda Nicholson (email@example.com)
toll free at 1-877-515-1850.
About Kahn Swick & Foti, LLC
KSF, whose partners include the Former Louisiana Attorney General
Charles C. Foti, Jr., is a law firm focused on securities class action
and shareholder derivative litigation with offices in New York,
California and Louisiana. KSF's lawyers have significant experience
litigating complex securities class actions nationwide on behalf of both
institutional and individual shareholders.
To learn more about KSF, you may visit www.ksfcounsel.com.
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