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L3 To Pay $34.5M To Settle Accounting Fraud Class Action

By Jack Newsham (February 23, 2017, 2:57 PM EST) -- Military contractor L3 Technologies Inc. will pay $34.5 million to settle accusations by shareholders that its statements leading up to the disclosure of an $84 million accounting error amounted to securities fraud, and their lawyers will seek up to a quarter of that amount in fees, according to papers filed in New York federal court on Wednesday....

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