Attys Seek $9M From L3 Investor Settlement

Law360, Washington (July 14, 2017, 4:30 PM EDT) -- 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.

Attorneys for L3 shareholders who accused the company of attempting to conceal an $84 million accounting error in its aerospace segment told U.S. District Judge Valerie E. Caproni, in a motion for an award of attorneys’ fees amounting to 25 percent of the settlement, they...
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