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INVESTOR ALERT: Class Action Lawsuit Against L-3 Communications Holdings, Inc. Announced By Glancy Binkow & Goldberg LLP

Stocks in this article: LLL

Glancy Binkow & Goldberg LLP announces that a class action lawsuit has been filed in the United States District Court for the Southern District of New York on behalf of a class (the “Class”) comprising all purchasers of the securities of L-3 Communications Holdings, Inc. (“L-3” or the “Company”) (NYSE:LLL) between April 25, 2013 and July 30, 2014, inclusive (the “Class Period”).

Please contact Lesley Portnoy, Esquire, at (310) 201-9150, or at shareholders@glancylaw.com to discuss this matter. If you inquire by email, please include your mailing address, telephone number and number of shares purchased.

L-3 provides command, control, communications, intelligence, surveillance and reconnaissance (C3ISR) systems, aircraft modernization and maintenance, and national security solutions in the United States and internationally. The Complaint alleges that defendants made false and/or misleading statements or failed to disclose that:

  • Cost overruns on a fixed-price maintenance and logistics support contract were inappropriately deferred, resulting in overstatement of operating income.
  • The Company’s net sales with respect to the fixed-price maintenance and logistics support contract were overstated.
  • The Company lacked adequate internal controls over financial reporting.

If you are a member of the Class described above, you may move the Court no later than September 30, 2014, to serve as lead plaintiff, if you meet certain legal requirements. To be a member of the Class you need not take any action at this time; you may retain counsel of your choice or take no action and remain an absent member of the Class. If you wish to learn more about this action, or if you have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Lesley Portnoy, Esquire, of Glancy Binkow & Goldberg LLP, 1925 Century Park East, Suite 2100, Los Angeles, California 90067, at (310) 201-9150, by e-mail to shareholders@glancylaw.com, or visit our website at http://www.glancylaw.com. If you inquire by email, please include your mailing address, telephone number and number of shares purchased.

This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules.

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