Leidos Settles Fraud Suit Ahead Of High Court Arguments

Law360, New York (October 16, 2017, 9:12 PM EDT) -- Government contractor Leidos Inc. and a proposed class of investors who accused it of fraud have settled their proposed class action just a month before they were set to argue before the U.S. Supreme Court about a Second Circuit decision that brought the plaintiffs' case back to life.

In papers filed with the court Oct. 6, the parties said they “recently reached an agreement in principle to settle this dispute and ... are now preparing the settlement documentation.” Details of the settlement weren’t available and lawyers...
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