A law office recently announced that it filed a securities class action lawsuit against an aerospace contractor due to potential federal securities law violations.
Law firm Pomerantz, LLP, noted that the lawsuit was filed in the U.S. District Court for the Southern District of New York against L-3 Communications. This includes all shareholders who acquired stock in the company during the class period between April 25, 2013 and July 30, 2014.
The litigation alleges that the company's leaders violated the Securities Exchange Act of 1934. This is because the company made a series of statements about its financial situation that may have been false or misleading to shareholders.
It is an option for shareholders to take up the lead plaintiff position in the case, though they will need to file the necessary paperwork with the court by Sept. 30, 2014. Any applicants will need to be approved by the court in order to take up the position. This is not a mandatory action, and shareholders still have the ability to remain absent class members and collect in the event of a financial return.
Shareholders who have questions about the lawsuit, the lead plaintiff position or any other aspect related to the case are welcome to speak with the law office. The best person to discuss these matters with is Robert Willoughby. He can be reached by telephone or email. Any shareholders who make contact through email should also leave their telephone number, mailing address and the number of shares that they own. More information can be obtained by visiting the law office's website.
Second lawsuit filed
Another law office noted that it filed a class action lawsuit against the company due to many of the aforementioned reasons.
Law firm Glancy Binkow and Goldberg, LLP, noted that the lawsuit was filed in the same court for the same class period. This was due to potential issues with statements about the company's performance.
It is also an option for shareholders to speak with this law firm about the case and how it may affect them. The best contact is Lesley Portnoy, who can be reached by telephone or email. The law office asks any shareholders who get in contact by email to leave their mailing address, telephone number and how many shares of L-3 Communications Holdings that they own.