NEW ORLEANS, Aug. 1, 2014 /PRNewswire/ --Former Attorney General of Louisiana, Charles C. Foti, Jr., Esq., a partner at the law firm of Kahn Swick & Foti, LLC ("KSF"), announces that KSF has commenced an investigation into L-3 Communications Holdings Inc. (NYSE: LLL).
On July 31, 2014, L-3 Communications disclosed accounting irregularities linked to an aerospace logistic support contract related primary to a Defense Department contract, with overstated sales, cost overruns that were inappropriately deferred, and alleged misconduct leading to the firing of four employees and resignation of another employee.The Company also disclosed that it would take an initial $84 million pretax charge as it cut its full-year profit guidance.
On this news, the price of L-3 Communications's shares plummeted.
KSF's investigation is focusing on whether L-3 Communications and/or its officers and directors violated state or federal securities laws.
If you are an L-3 Communications shareholder that has suffered losses related to your investment or who purchased your shares during 2014, or have information that would assist KSF in its investigation, you may, without obligation or cost to you, e-mail or call KSF Managing Partner Lewis Kahn (lewis.kahn@ksfcounsel.com) or KSF Partner Melinda Nicholson (melinda.nicholson@ksfcounsel.com) toll free at 1-877-515-1850.
About Kahn Swick & Foti, LLC
KSF, whose partners include the Former Louisiana Attorney General Charles C. Foti, Jr., is a law firm focused on securities class action and shareholder derivative litigation with offices in New York, California and Louisiana. KSF's lawyers have significant experience litigating complex securities class actions nationwide on behalf of both institutional and individual shareholders.
To learn more about KSF, you may visit www.ksfcounsel.com.
Contact:
Kahn Swick & Foti, LLC
Lewis Kahn, Managing Partner
lewis.kahn@ksfcounsel.com
Melinda Nicholson, Partner
melinda.nicholson@ksfcounsel.com
1-877-515-1850
206 Covington St.
Madisonville, LA 70447
SOURCE Kahn Swick & Foti, LLC
