NEW YORK, Sept. 22, 2014 (GLOBE NEWSWIRE) -- Levi & Korsinsky announces that a class action lawsuit has been commenced in the United States District Court for the Southern District of New York on behalf of investors who purchased L-3 Communications Holdings, Inc. ("L-3" or the "Company") (NYSE:LLL) securities between April 25, 2013 and July 30, 2014.
For more information, click here: http://zlk.9nl.com/l3-communications-lll.
The complaint alleges that during the Class Period defendants issued materially false and misleading statements regarding the Company's financial performance and prospects, and failed to disclose adverse facts, including: (a) that cost overruns on a fixed-price maintenance and logistics support contract were inappropriately deferred, resulting in an overstatement of the Company's operating income; (b) the Company's net sales with respect to the fixed-price maintenance and logistics support contract were overstated; and (c) that the Company lacked adequate controls over its financial reporting.
If you suffered a loss in L-3 you have until September 30, 2014 to request that the Court appoint you as lead plaintiff. Your ability to share in any recovery doesn't require that you serve as a lead plaintiff. To obtain additional information, contact Joseph E. Levi, Esq. either via email at jlevi@zlk.com or by telephone at (212) 363-7500, toll-free: (877) 363-5972, or visit http://zlk.9nl.com/l3-communications-lll.
Levi & Korsinsky is a national firm with offices in New York, New Jersey, Connecticut, and Washington D.C. The firm's 26 attorneys have extensive expertise in prosecuting securities litigation involving financial fraud, representing investors throughout the nation in securities and shareholder lawsuits. Attorney advertising. Prior results do not guarantee similar outcomes.
CONTACT: Levi & Korsinsky, LLP
Joseph Levi, Esq.
Eduard Korsinsky, Esq.
30 Broad Street - 24th Floor
New York, NY 10004
Tel: (212) 363-7500
Toll Free: (877) 363-5972
Fax: (866) 367-6510
www.zlk.com
