SHAREHOLDER ACTION REMINDER: The Schall Law Firm Announces the Filing of a Class Action Lawsuit Against Leidos Holdings, Inc. and Encourages Investors with Losses in Excess of $100,000 to Contact the Firm
THE ANGEL–(BUSINESS WIRE) – Schall law firm, a national shareholder law firm, has announced that it has filed a class action lawsuit against Leidos Holdings, Inc. (“Leidos” or “the Company”) (NYSE: LDOS) for violations of Sections 10 (b) and 20 (a) of the Securities Exchange Act of 1934 and Rule 10b-5 published by the US Securities and Exchange Commission.
Investors who purchased the Company’s securities between May 4, 2020 and February 23, 2021 (including the “Class Period”) are requested to contact the Company before May 3, 2021.
If you are a shareholder who has suffered a loss, click here to participate.
We also encourage you to contact Brian Schall of the Schall law firm, 2049 Century Park East, Suite 2460, Los Angeles, CA 90067, at 310-301-3335 to discuss your rights at no charge. You can also contact us on the company’s website at www.schallfirm.com or by email at firstname.lastname@example.org.
In this case, the class has not yet been certified and you will not be represented by a lawyer until certification. If you don’t take action, you can remain an absent class member.
According to the complaint, the company made false and misleading statements to the market. Leidos has clearly overestimated the alleged benefits of taking over the Security Detection & Automation division from L3Harris. The company’s products suffered from several deficiencies, including faulty bomb detection systems installed at critical infrastructure points such as airports and ports. The company’s financial results have been significantly overstated as a result. Because of these facts, the company’s public statements were false and materially misleading throughout the teaching period. When the market learned the truth about Leidos, investors suffered damage.
Join the case to make up for your losses.
Schall law firm represents investors around the world and specializes in class action and shareholder disputes.
This press release may be viewed as a solicitor’s advertisement in some jurisdictions under applicable laws and ethical rules.