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LOS ANGELES, CA / ACCESSWIRE / February 20, 2021 / The Schall Law Firm, a national shareholder rights litigation firm, announces that it is investigating claims on behalf of investors of Leidos Holdings, Inc. ("Leidos" or "the Company") (NYSE:LDOS) for violations of the securities laws.
The investigation focuses on whether the Company issued false and/or misleading statements and/or failed to disclose information pertinent to investors. Leidos is the subject of a research report by Spruce Point Capital Management published on February 16, 2021. According to the report, "Leidos' $1.0 billion levered acquisition of L3Harris' Security Detection and Automation business (SD&A) is experiencing significant problems, including product defects, that increase the likelihood of a material adverse effect." The report also alleged that the company misstated its financials, citing a $6 million variance between the Company's third quarter 2020 investor presentation and a Form 10-Q which it claims "raises the possibility that Leidos has booked fake revenue, or is keeping two sets of books."
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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 free of charge. You can also reach us through the firm's website at www.schallfirm.com, or by email at email@example.com.
The Schall Law Firm represents investors around the world and specializes in securities class action lawsuits and shareholder rights litigation.
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SOURCE: The Schall Law Firm
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