Class Action Lawsuit Deadline: Kessler Topaz Meltzer & Check, LLP Reminds Investors of Securities Fraud Class Action Lawsuit Filed Against Leidos Holdings, Inc. | National News
RADNOR, Pa., April 25, 2021 / PRNewswire / – The law firm of Kessler Topaz Meltzer & Check, LLP reminds investors of Leidos Holdings, Inc. (NYSE: LDOS) (“Leidos”) that a class action lawsuit has been filed against securities on behalf of those who bought or acquired Leidos – Securities between 4th May 2020 and February 23, 2021including (the “Class Period”).
Deadline of the main plaintiff: May 5, 2021
Contact: James Maro, Esq. (484) 270-1453
Adrienne Bell, Esq. (484) 270-1435
Toll Free (844) 887-9500
Leidos is a science, engineering and information technology company that provides services and solutions in the fields of defense, intelligence, homeland security, civil and health markets at home and abroad.
The complaint alleges that the defendants did not provide any material information to investors during the entire class period. In particular, Defendants did not disclose that: (1) the alleged benefits of Leidos ‘acquisition of L3Harris Technologies’ security detection and automation business were materially overestimated; (2) Leidos products suffered from numerous product defects, including defective explosion detection systems at airports, ports and borders. (3) As a result of the foregoing, Leidos’ financial results have been significantly overstated. and (4) as a result of the foregoing, Defendants ‘positive statements about Leidos’ business, operations and prospects were materially misleading and / or lacking a reasonable basis. As a result of the foregoing, Leidos securities depreciated significantly, which directly harmed Leidos investors.
Leido’s investors can not later than May 5, 2021, attempt to be appointed plaintiff’s principal representative of the class by Kessler Topaz Meltzer & Check, LLP, or other lawyer, or choose to do nothing and remain an absent class member. A lead plaintiff is a representative party who acts on behalf of all class members in directing the dispute. To be named lead plaintiff, the court must determine that the class member’s claim is typical of the claims of other class members and that the class member is adequately representing the class. Your ability to get involved in a recovery will not be affected by whether or not you will be the lead plaintiff.
Kessler Topaz Meltzer & Check, LLP, pursues class actions in state and federal courts across the country involving securities fraud, fiduciary violations, and other violations of federal and state law. Kessler Topaz Meltzer & Check, LLP, is a driving force behind corporate governance reform and has collected billions of dollars on behalf of institutional and individual investors The United States and all over the world. The company represents investors, consumers and whistleblowers (individuals who report fraudulent practices against the government and are involved in recovering government dollars). The complaint in this lawsuit was not filed by Kessler Topaz Meltzer & Check, LLP. For more information on Kessler Topaz Meltzer & Check, LLP, please visit www.ktmc.com.
Kessler Topaz Meltzer & Check, LLP
James Maro Jr., Esq.
Adrienne Bell, Esq.
280 Street of the King of Prussia
Radnor, PA 19087
(844) 887-9500 (toll free)
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SOURCE Kessler Topaz Meltzer & Check, LLP