NEW YORK, July 31, 2014 /PRNewswire/ -- Attorney Advertising -- Bronstein, Gewirtz & Grossman, LLC is investigating potential claims on behalf of purchasers of the securities of L-3 Communications Holding Inc. ("L-3 Communications" or the "Company") (NYSE: LLL). Such investors are advised to contact Edward N. Gewirtz or his investor relations coordinator Eitan Kimelman at firstname.lastname@example.org or 212-697-6484.
The investigation focuses on whether the Company and certain of its executives violated federal securities laws.
On July 31, 2014, a report published by the Wall Street Journal stated that L-3 Communications, "disclosed accounting irregularities linked to an aerospace logistics support contract, signaling it would take an initial $84 million pretax charge as it cut its full-year profit guidance. The aerospace and defense group said the problems related "primarily" to a Defense Department contract running from 2010 to January 2015, with overstated sales and cost overruns and alleged "misconduct [that] included concealment from L-3's corporate staff and external auditors.""
On this news, shares of L-3 Communications fell $18.90 or 15.80% during intraday trading to trade at $100.74 on July 31, 2014.If you are aware of any facts relating to this investigation, or purchased shares of L-3 Communications, you can assist this investigation by contacting Edward N. Gewirtz or his Investor Relations Coordinator Eitan Kimelman of Bronstein, Gewirtz & Grossman, LLC at 212-697-6484 or via email email@example.com. Those who inquire by e-mail are encouraged to include their mailing address, email and telephone number. Bronstein, Gewirtz & Grossman, LLC is a corporate litigation boutique. Our primary expertise is the aggressive pursuit of litigation claims on behalf of our clients. In addition to representing institutions and other investor plaintiffs in class action security litigation, the firm's expertise includes general corporate and commercial litigation, as well as securities arbitration. Attorney advertising. Prior results do not guarantee similar outcomes.