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Patel v. L-3 Communications Holdings, Inc. et al
Case Number:
1:14-cv-06038
Court:
Nature of Suit:
Multi Party Litigation:
Class Action
Judge:
Firms
Sectors & Industries:
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August 18, 2017
Judge OKs $9M Attys Fees From L3 Investor Settlement
A Manhattan federal judge Thursday awarded more than $9.1 million in attorneys' fees and costs to counsel for a class of L3 Technologies Inc. shareholders who accused the communications company of securities fraud, to be taken from the $34 million settlement agreed to by the parties in March.
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July 14, 2017
Attys Seek $9M From L3 Investor Settlement
Counsel for a class of L3 Technologies Inc. shareholders who reached a $34.5 million settlement with the communications company over allegations of securities fraud asked a Manhattan federal judge Thursday for attorneys' fees and costs amounting to more than $9.1 million.
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March 13, 2017
L3 $34.5M Investor Suit Settlement Gets Preliminary OK
A Manhattan federal judge on Friday granted preliminary approval of a $34.5 million settlement between L3 Technologies Inc. and a class of shareholders that accused the company of securities fraud.
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March 03, 2017
L3 Defends Secret Side Deal In $34.5M Fraud Settlement
L3 Technologies Inc. and a class of shareholders that accused it of securities fraud told a New York federal judge Friday that a nonpublic supplemental deal folded into a proposed $34.5 million settlement doesn't contain information that affects class members, but does disclose the settlement's threshold number of opt-outs, which must be concealed.
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February 24, 2017
L3 Pressed On Secret Side Deal In $34.5M Fraud Settlement
Military contractor L3 Technologies Inc. and shareholders leading a securities class action against the company have some explaining to do about a nonpublic supplemental deal folded into a proposed $34.5 million settlement, a New York federal judge said Friday.
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February 23, 2017
L3 To Pay $34.5M To Settle Accounting Fraud Class Action
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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July 14, 2016
L-3 Says Forensic Accounting Docs Protected In Investor Row
L-3 investors aren't entitled to forensic accountant investigation materials into the company's allegedly hidden accounting misconduct that caused stock prices to tumble, the company told a New York federal judge Wednesday, arguing the materials are protected under attorney-client and work-product privilege.
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July 01, 2016
L-3 Investors Seek Class Status In Accounting Fraud Suit
L-3 investors asked a New York federal court Thursday to certify their proposed class action accusing the company of misleading stockholders before revealing accounting misconduct that caused stock prices to tumble, arguing they meet all the necessary requirements.
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March 31, 2016
L-3 Execs Escape Accounting Fraud Class Action
A New York federal judge on Wednesday threw out class action claims against two top L-3 Communications executives in a suit accusing the company of misleading investors before revealing accounting misconduct that caused stock prices to tumble, saying there's been no showing they knew about the problems or acted recklessly.
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March 11, 2016
L-3 Investors Maintain Co. Knew Of Accounting Fraud
Investors accusing L-3 Communications and two top executives of accounting fraud fought Thursday to maintain their class action, telling a New York federal judge that the "senior management" status of employees fired for the conduct is enough to make the company itself responsible.