LEIDOS HOLDINGS 72 HOUR DEADLINE ALERT: Former Louisiana Attorney General and Kahn Swick & Foti, LLC Remind Investors With Losses in Excess of $100,000 of Deadline in Class Action Lawsuit Against Leidos Holdings, Inc. – LDOS
NEW ORLEANS–(BUSINESS WIRE) – Kahn Swick & Foti, LLC (“KSF”) and KSF Affiliate, former Louisiana Attorney General Charles C. Foti, Jr., remind investors they only have up May 3, 2021 Lead plaintiff filing a class action lawsuit against Leidos Holdings, Inc. (NYSE: LDOS) if they purchased the Company’s securities between May 4, 2020 and February 23, 2021, inclusive (the “Class Period”). This lawsuit is pending in the US District Court for the Southern District of New York.
What you can do
If you have purchased Leidos securities and would like to discuss your legal rights and the possible effects this case on you and your right to reimbursement of your economic loss, you can contact KSF managing partner Lewis Kahn free of charge at 1- 877-515-1850 or email (firstname.lastname@example.org) or visit https://www.ksfcounsel.com/cases/nyse-ldos/ to learn more. If you wish to serve as the lead plaintiff in this class action by overseeing the lead attorney for a fair and equitable solution, you must apply to the Court of Justice for that position upon request May 3, 2021.
About the lawsuit
Leidos and some of his executives are accused of failing to disclose material information during the classroom, in violation of federal securities laws.
On February 23, 2021, the company announced disappointing fourth-quarter and full-year 2020 financial results, including just $ 163 million in revenue (or $ 326 million on a yearly basis), well below its forecast of $ 500 million Revenue and expected cash flow of $ 850 million were below analysts’ estimates of $ 1.083 billion. On the news, Leidos’ shares fell $ 10.29, or 9.91%, to trade at $ 93.51 per share on February 23, 2021.
The case is Morton v Leidos Holdings, Inc. et al., 1: 21-cv-01911.
About Kahn Swick & Foti, LLC
KSF, partnered with former Louisiana Attorney General Charles C. Foti Jr., is one of the leading securities litigation law firms in the country. KSF assists a wide variety of clients – including public institutional investors, hedge funds, money managers and private investors – in their search for investment losses due to corporate fraud and misconduct by publicly traded companies. KSF has offices in New York, California and Louisiana.
To learn more about KSF, you can visit www.ksfcounsel.com.