Rigrodsky & Long, P.A.:
- Do you, or did you, own shares of L-3 Communications Holdings, Inc. (NYSE: LLL)?
- Did you purchase your shares before April 25, 2013, or between April 25, 2013 and July 30, 2014, inclusive?
- Did you lose money in your investment in L-3 Communications Holdings, Inc.?
- Do you want to discuss your rights?
According to the Complaint, on July 31, 2014, the Company issued a press release entitled “L-3 Announces Preliminary Second Quarter 2014 Results.” The Company announced its preliminary results due to the disclosure of a concurrent internal accounting review into matters at the Company’s Aerospace Systems segment. Among other things, the press release stated that the Company announced that it expected to incur an aggregate pre-tax charge of $84 million against operating income and a related reduction in net sales of approximately $43 million, and that it had lowered its estimated operating income for the Aerospace Systems segments by approximately $35 million for the second half of 2014.On this news, shares in L-3 plummeted more than 12%, closing at $104.96 per share on July 31, 2014, on unusually heavy trading volume. If you wish to serve as lead plaintiff, you must move the Court no later than September 30, 2014. A lead plaintiff is a representative party acting on behalf of other class members in directing the litigation. In order to be appointed lead plaintiff, the Court must determine that the class member’s claim is typical of the claims of other class members, and that the class member will adequately represent the class. Your ability to share in any recovery is not, however, affected by the decision whether or not to serve as a lead plaintiff. Any member of the proposed class may move the court to serve as lead plaintiff through counsel of their choice, or may choose to do nothing and remain an absent class member. While Rigrodsky & Long, P.A. did not file the Complaint in this matter, the firm, with offices in Wilmington, Delaware and Garden City, New York, regularly litigates securities class, derivative and direct actions, shareholder rights litigation and corporate governance litigation, including claims for breach of fiduciary duty and proxy violations in the Delaware Court of Chancery and in state and federal courts throughout the United States. Attorney advertising. Prior results do not guarantee a similar outcome.