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Kahn Swick & Foti, LLC (“KSF”) and KSF partner, former Attorney General of Louisiana, Charles C. Foti, Jr., remind investors that they have until May 3, 2021 to file lead plaintiff applications in a securities class action lawsuit against Leidos Holdings, Inc. (NYSE: LDOS).
Leidos and certain of its executives are charged with failing to disclose material information during the Class Period, violating federal securities laws.
On February 23, 2021, the Company disclosed disappointing 4Q and full year 2020 financial results, including only $163 million in sales (or $326 million annualized), falling well short of the projected $500 million sales, and expected cash flow of $850 million, well below analyst estimates of $1.083 billion.
On this news, shares of Leidos fell $10.29, or 9.91%, to close at $93.51 per share on February 23, 2021.
If you purchased securities of Leidos and would like to discuss your legal rights and how this case might affect you and your right to recover for your economic loss, you may, without obligation or cost to you, contact KSF Managing Partner Lewis Kahn toll-free at 1-877-515-1850 or via email (email@example.com), or fill out the form on this page.
The case is Morton v. Leidos Holdings, Inc., et al., 1:21-cv-01911.
Click here to read the case complaint.