New York, New York--(Newsfile Corp. - April 15, 2021) - The Klein Law Firm announces that a class action complaint has been filed on behalf of shareholders of Leidos Holdings, Inc. (NYSE: LDOS) alleging that the Company violated federal securities laws.
Class Period: May 4, 2020 and February 23, 2021
Lead Plaintiff Deadline: May 3, 2021
Learn more about your recoverable losses in LDOS:
The filed complaint alleges that Leidos Holdings, Inc. made materially false and/or misleading statements and/or failed to disclose that: (1) the purported benefits of the Company's acquisition of L3Harris' Security Detection & Automation businesses were significantly overstated; (2) Leidos' products suffered from numerous product defects, including faulty explosive detection systems at airports, ports, and borders; (3) as a result of the foregoing, the Company's financial results were significantly overstated; and (4) as a result of the foregoing, Defendants' positive statements about the Company's business, operations, and prospects were materially misleading and/or lacked a reasonable basis.
Shareholders have until May 3, 2021 to petition the court for lead plaintiff status. Your ability to share in any recovery doesn't require that you serve as a lead plaintiff.
For additional information about the LDOS lawsuit, please contact J. Klein, Esq. by telephone at 212-616-4899 or click the link above.
J. Klein, Esq. represents investors and participates in securities litigations involving financial fraud throughout the nation. Attorney advertising. Prior results do not guarantee similar outcomes.
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