{"id":457954,"date":"2021-03-15T15:54:45","date_gmt":"2021-03-15T19:54:45","guid":{"rendered":"http:\/\/www.marketnewsdesk.com\/?p=457954"},"modified":"2021-03-15T15:54:45","modified_gmt":"2021-03-15T19:54:45","slug":"hagens-berman-national-trial-attorneys-encourages-investors-in-leidos-holdings-ldos-to-contact-its-attorneys-securities-fraud-case-filed-analyst-says-company-wasted-1b","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/hagens-berman-national-trial-attorneys-encourages-investors-in-leidos-holdings-ldos-to-contact-its-attorneys-securities-fraud-case-filed-analyst-says-company-wasted-1b\/","title":{"rendered":"HAGENS BERMAN, NATIONAL TRIAL ATTORNEYS, Encourages Investors in Leidos Holdings (LDOS) to Contact Its Attorneys, Securities Fraud Case Filed, Analyst Says Company \u201cWasted\u201d $1B"},"content":{"rendered":"<div class=\"mw_release\">\n<p align=\"left\">SAN FRANCISCO, March  15, 2021  (GLOBE NEWSWIRE) &#8212; Hagens Berman urges Leidos Holdings, Inc. <strong>(NYSE: LDOS) <\/strong>investors to <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=JVfJwc8yX0Z_blPgmhejqj6C1OL__OaGjdVNmjIUxl52dzv8sFPY581miAPcfNhMxNPPcTMp6BkAi4zzpi67jLP6TSKF0XRNWPEmpn0dH1-Npzi07VhBTlTmDEFlntvp\" rel=\"nofollow noopener noreferrer\" target=\"_blank\">submit their losses now.<\/a>\u00a0\u00a0 A securities fraud class action has been filed and certain investors may have valuable claims.<\/p>\n<p align=\"left\">\n        <strong>Class Period: <\/strong>May 4, 2020 \u2013 Feb. 23, 2021<br \/><strong>Lead Plaintiff Deadline: <\/strong>May 3, 2021<br \/><strong>Visit:<\/strong><a href=\"https:\/\/www.globenewswire.com\/Tracker?data=37e4TfHJSj0A9lzG1zvSppcIs16G5q09W9NXJsyy-KFNsBBlqSTDESYlzx40VaZwj6BH6jvIjkTAtLwQQt3JfuL7MPnTAWZHrk0z_TZk51dRH7iylFbVqmQJLEoXzGHaSB9eNmKmKXAlY0a7TZ_yXw==\" rel=\"nofollow noopener noreferrer\" target=\"_blank\">www.hbsslaw.com\/investor-fraud\/LDOS<\/a><br \/><strong>Contact An Attorney Now:<\/strong><a href=\"https:\/\/www.globenewswire.com\/Tracker?data=Obza4bTQQPxnYnT7ijCNsA04X3cCV5qeakSgySdgTS_ejVRUEtSJow02YBVzKQ4awuLLtY-eAm3nzidp4pqh1Q==\" rel=\"nofollow noopener noreferrer\" target=\"_blank\">LDOS@hbsslaw.com<\/a><br \/><strong>844-916-0895<\/strong><\/p>\n<p align=\"left\">\n        <strong>Leidos Holdings, Inc. (LDOS) Securities Fraud Class Action<\/strong>:<\/p>\n<p align=\"left\">The complaint centers on the accuracy of defendants\u2019 statements about Leidos\u2019 SD&amp;A business, which the company acquired from L3Harris Technologies in May 2020 for $1 billion and touted as having compelling strategic and operational benefits.<\/p>\n<p align=\"left\">Specifically, defendants materially overstated the benefits of the acquisition and did not disclose that Leidos\u2019 products suffered from numerous product defects that included faulty explosive detection systems at airports, ports and borders. As a result, the company\u2019s financial results were significantly overstated.<\/p>\n<p align=\"left\">The truth emerged through a series of partial disclosures beginning on Feb. 16, 2021 when analyst <em>Spruce Point <\/em>published a scathing report concluding that Leidos had \u201cwasted\u201d $1b on the SD&amp;A acquisition. <em>Spruce Point<\/em> stated, \u201cWe believe Leidos is potentially covering up at least $100m of fictitious sales, mischaracterizing $355 &#8211; $367m of international revenue.\u201d <em>Spruce Point<\/em> also alleged that the company is \u201cconcealing numerous product defects from investors, notably faulty explosive detection systems at airports and borders.\u201d <em>Spruce Point<\/em> further avers that management may be intentionally inflating certain of Leidos\u2019 financial metrics, including operating cash flow and organic sales growth, to obscure strains from investors.<\/p>\n<p align=\"left\">Then, on Feb. 23, 2021, Leidos released mixed Q4 2020 financial results and disappointing 2021 outlook, including guided revenue and EPS well below analyst consensus. The same day, <em>Spruce Point<\/em> highlighted the poor 2021 outlook and picked up on a SD&amp;A accounting discrepancy, tweeting \u201c[t]his asset is a total black box.\u201d<\/p>\n<p align=\"left\">Finally, on Feb. 24, 2021 <em>Spruce Point <\/em>highlighted that Leidos \u201cmaterially expanded\u201d its risk disclosures in its 2020 annual report, tweeting \u201c[w]e believe it is validating all the major points of our report.\u201d<\/p>\n<p align=\"left\">On these disclosures, the price of Leidos shares sharply declined.<\/p>\n<p align=\"left\">\u201cWe\u2019re focused on investor losses and proving Leidos misled investors about its SD&amp;A business,\u201d said Reed Kathrein, the Hagens Berman partner leading the investigation.<\/p>\n<p align=\"left\">If you are a Leidos investor, <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=dYUSzztjMN7XUtU6nEecfriLWaCcIqP2GNa1JeuFOzhibVbGLAPwSYdoJ7cd7iXEBo6iPp5YsUDr33Klz8J0z5VhPFfWIqq_WfuyjE_R1hmvuKYui1UvIzTxz361Nhm-zR5HRVSvXFgP9kES4_VqdcNzU_6AxWFrYLZpBOvHSlw=\" rel=\"nofollow noopener noreferrer\" target=\"_blank\">click here to discuss your legal rights with Hagens Berman<\/a>.<\/p>\n<p align=\"left\">\n        <strong>Whistleblowers: <\/strong>Persons with non-public information regarding Leidos should consider their options to help in the investigation or take advantage of the SEC Whistleblower program. Under the new program, whistleblowers who provide original information may receive rewards totaling up to 30 percent of any successful recovery made by the SEC. For more information, call Reed Kathrein at <strong>844-916-0895<\/strong> or email <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=Obza4bTQQPxnYnT7ijCNsAIe96QE6kh80HYfe_rg4ZgA9QdS17sBv_Cc1eiLykgnNcEHzgE7XYvYQrUHnwPPMg==\" rel=\"nofollow noopener noreferrer\" target=\"_blank\">LDOS@hbsslaw.com<\/a>.<\/p>\n<p align=\"left\">\n        <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=HqCPHr-ndnJHeLNWX6kBh983k5jQTxx-K73aH7Ya6VBcX7IVyYvEi9e3c-B9AB2xMkbwBE0TyBIvhkK3vNEceR35iW7sflhIOX2E2ano7Yg=\" rel=\"nofollow noopener noreferrer\" target=\"_blank\"><br \/>\n          <u>About Hagens Berman<\/u><br \/>\n        <\/a><br \/>\n        <br \/>Hagens Berman is a national law firm with eight offices in eight cities around the country and over eighty attorneys. The firm represents investors, whistleblowers, workers and consumers in complex litigation.\u00a0\u00a0 More about the firm and its successes is located at <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=yxuV3Um5TUGlNgFPOez0gi_N4BsBdVBD51PtJAQeXBLpweevK8eMrt_tkqdNdLNnNwGRz0_Xfeb2OrmQwIjOSg==\" rel=\"nofollow noopener noreferrer\" target=\"_blank\">hbsslaw.com<\/a>. For the latest news visit our <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=Ury2yoM_skRMznruQuz9nIbr-QrNdWc5r1He4jRqwukAnegqJciQZSh9_3AKLF7LlnMvWzpI2E_T9XOfRV5MCCKNkd3Kit2oc6lunpDDUS4=\" rel=\"nofollow noopener noreferrer\" target=\"_blank\"><u>newsroom<\/u><\/a> or follow us on Twitter at <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=WBkli0IeFkzXbW_APYo7r3ExIwiDBHMbbiDxwe-UdRdeVaQFBZ3lm47tdO6gGDKgck-VY1Khd-EOVDc7NLdmBOAlBTRhwDX5RFo2-dhiwcA=\" rel=\"nofollow noopener noreferrer\" target=\"_blank\"><u>@classactionlaw<\/u><\/a>.<\/p>\n<p align=\"left\">\n        <u>Contact: <\/u><br \/>\n        <br \/>Reed Kathrein, 844-916-0895<\/p>\n<p \/>\n      <img loading=\"lazy\" decoding=\"async\" class=\"__GNW8366DE3E__IMG\" src=\"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=ODE5MDM4MyM0MDY1MjAwIzIwMTg1MzI=\" width=\"1\" height=\"1\" \/><br \/>\n      <br \/>\n      <img loading=\"lazy\" decoding=\"async\" class=\"__GNW8366DE3E__IMG\" src=\"https:\/\/ml.globenewswire.com\/release\/track\/f4a8e8d6-3749-49eb-ae7f-772f016a6237\" width=\"1\" height=\"1\" \/>\n    <\/div>\n<div class=\"mw_contactinfo\"><\/div>\n","protected":false},"excerpt":{"rendered":"<p>SAN FRANCISCO, March 15, 2021 (GLOBE NEWSWIRE) &#8212; Hagens Berman urges Leidos Holdings, Inc. (NYSE: LDOS) investors to submit their losses now.\u00a0\u00a0 A securities fraud class action has been filed and certain investors may have valuable claims. Class Period: May 4, 2020 \u2013 Feb. 23, 2021Lead Plaintiff Deadline: May 3, 2021Visit:www.hbsslaw.com\/investor-fraud\/LDOSContact An Attorney Now:LDOS@hbsslaw.com844-916-0895 Leidos Holdings, Inc. (LDOS) Securities Fraud Class Action: The complaint centers on the accuracy of defendants\u2019 statements about Leidos\u2019 SD&amp;A business, which the company acquired from L3Harris Technologies in May 2020 for $1 billion and touted as having compelling strategic and operational benefits. Specifically, defendants materially overstated the benefits of the acquisition and did not disclose that Leidos\u2019 products suffered from numerous product defects that included &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/hagens-berman-national-trial-attorneys-encourages-investors-in-leidos-holdings-ldos-to-contact-its-attorneys-securities-fraud-case-filed-analyst-says-company-wasted-1b\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;HAGENS BERMAN, NATIONAL TRIAL ATTORNEYS, Encourages Investors in Leidos Holdings (LDOS) to Contact Its Attorneys, Securities Fraud Case Filed, Analyst Says Company \u201cWasted\u201d $1B&#8221;<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-457954","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.5 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>HAGENS BERMAN, NATIONAL TRIAL ATTORNEYS, Encourages Investors in Leidos Holdings (LDOS) to Contact Its Attorneys, Securities Fraud Case Filed, Analyst Says Company \u201cWasted\u201d $1B - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/hagens-berman-national-trial-attorneys-encourages-investors-in-leidos-holdings-ldos-to-contact-its-attorneys-securities-fraud-case-filed-analyst-says-company-wasted-1b\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"HAGENS BERMAN, NATIONAL TRIAL ATTORNEYS, Encourages Investors in Leidos Holdings (LDOS) to Contact Its Attorneys, Securities Fraud Case Filed, Analyst Says Company \u201cWasted\u201d $1B - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"SAN FRANCISCO, March 15, 2021 (GLOBE NEWSWIRE) &#8212; Hagens Berman urges Leidos Holdings, Inc. (NYSE: LDOS) investors to submit their losses now.\u00a0\u00a0 A securities fraud class action has been filed and certain investors may have valuable claims. Class Period: May 4, 2020 \u2013 Feb. 23, 2021Lead Plaintiff Deadline: May 3, 2021Visit:www.hbsslaw.com\/investor-fraud\/LDOSContact An Attorney Now:LDOS@hbsslaw.com844-916-0895 Leidos Holdings, Inc. (LDOS) Securities Fraud Class Action: The complaint centers on the accuracy of defendants\u2019 statements about Leidos\u2019 SD&amp;A business, which the company acquired from L3Harris Technologies in May 2020 for $1 billion and touted as having compelling strategic and operational benefits. Specifically, defendants materially overstated the benefits of the acquisition and did not disclose that Leidos\u2019 products suffered from numerous product defects that included &hellip; Continue reading &quot;HAGENS BERMAN, NATIONAL TRIAL ATTORNEYS, Encourages Investors in Leidos Holdings (LDOS) to Contact Its Attorneys, Securities Fraud Case Filed, Analyst Says Company \u201cWasted\u201d $1B&quot;\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.marketnewsdesk.com\/index.php\/hagens-berman-national-trial-attorneys-encourages-investors-in-leidos-holdings-ldos-to-contact-its-attorneys-securities-fraud-case-filed-analyst-says-company-wasted-1b\/\" \/>\n<meta property=\"og:site_name\" content=\"Market Newsdesk\" \/>\n<meta property=\"article:published_time\" content=\"2021-03-15T19:54:45+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=ODE5MDM4MyM0MDY1MjAwIzIwMTg1MzI=\" \/>\n<meta name=\"author\" content=\"Newsdesk\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Newsdesk\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/hagens-berman-national-trial-attorneys-encourages-investors-in-leidos-holdings-ldos-to-contact-its-attorneys-securities-fraud-case-filed-analyst-says-company-wasted-1b\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/hagens-berman-national-trial-attorneys-encourages-investors-in-leidos-holdings-ldos-to-contact-its-attorneys-securities-fraud-case-filed-analyst-says-company-wasted-1b\\\/\"},\"author\":{\"name\":\"Newsdesk\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/#\\\/schema\\\/person\\\/482f27a394d4fda80ecb5499e519d979\"},\"headline\":\"HAGENS BERMAN, NATIONAL TRIAL ATTORNEYS, Encourages Investors in Leidos Holdings (LDOS) to Contact Its Attorneys, Securities Fraud Case Filed, Analyst Says Company \u201cWasted\u201d $1B\",\"datePublished\":\"2021-03-15T19:54:45+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/hagens-berman-national-trial-attorneys-encourages-investors-in-leidos-holdings-ldos-to-contact-its-attorneys-securities-fraud-case-filed-analyst-says-company-wasted-1b\\\/\"},\"wordCount\":534,\"image\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/hagens-berman-national-trial-attorneys-encourages-investors-in-leidos-holdings-ldos-to-contact-its-attorneys-securities-fraud-case-filed-analyst-says-company-wasted-1b\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.globenewswire.com\\\/newsroom\\\/ti?nf=ODE5MDM4MyM0MDY1MjAwIzIwMTg1MzI=\",\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/hagens-berman-national-trial-attorneys-encourages-investors-in-leidos-holdings-ldos-to-contact-its-attorneys-securities-fraud-case-filed-analyst-says-company-wasted-1b\\\/\",\"url\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/hagens-berman-national-trial-attorneys-encourages-investors-in-leidos-holdings-ldos-to-contact-its-attorneys-securities-fraud-case-filed-analyst-says-company-wasted-1b\\\/\",\"name\":\"HAGENS BERMAN, NATIONAL TRIAL ATTORNEYS, Encourages Investors in Leidos Holdings (LDOS) to Contact Its Attorneys, Securities Fraud Case Filed, Analyst Says Company \u201cWasted\u201d $1B - 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Market Newsdesk","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.marketnewsdesk.com\/index.php\/hagens-berman-national-trial-attorneys-encourages-investors-in-leidos-holdings-ldos-to-contact-its-attorneys-securities-fraud-case-filed-analyst-says-company-wasted-1b\/","og_locale":"en_US","og_type":"article","og_title":"HAGENS BERMAN, NATIONAL TRIAL ATTORNEYS, Encourages Investors in Leidos Holdings (LDOS) to Contact Its Attorneys, Securities Fraud Case Filed, Analyst Says Company \u201cWasted\u201d $1B - Market Newsdesk","og_description":"SAN FRANCISCO, March 15, 2021 (GLOBE NEWSWIRE) &#8212; Hagens Berman urges Leidos Holdings, Inc. (NYSE: LDOS) investors to submit their losses now.\u00a0\u00a0 A securities fraud class action has been filed and certain investors may have valuable claims. Class Period: May 4, 2020 \u2013 Feb. 23, 2021Lead Plaintiff Deadline: May 3, 2021Visit:www.hbsslaw.com\/investor-fraud\/LDOSContact An Attorney Now:LDOS@hbsslaw.com844-916-0895 Leidos Holdings, Inc. (LDOS) Securities Fraud Class Action: The complaint centers on the accuracy of defendants\u2019 statements about Leidos\u2019 SD&amp;A business, which the company acquired from L3Harris Technologies in May 2020 for $1 billion and touted as having compelling strategic and operational benefits. Specifically, defendants materially overstated the benefits of the acquisition and did not disclose that Leidos\u2019 products suffered from numerous product defects that included &hellip; Continue reading \"HAGENS BERMAN, NATIONAL TRIAL ATTORNEYS, Encourages Investors in Leidos Holdings (LDOS) to Contact Its Attorneys, Securities Fraud Case Filed, Analyst Says Company \u201cWasted\u201d $1B\"","og_url":"https:\/\/www.marketnewsdesk.com\/index.php\/hagens-berman-national-trial-attorneys-encourages-investors-in-leidos-holdings-ldos-to-contact-its-attorneys-securities-fraud-case-filed-analyst-says-company-wasted-1b\/","og_site_name":"Market Newsdesk","article_published_time":"2021-03-15T19:54:45+00:00","og_image":[{"url":"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=ODE5MDM4MyM0MDY1MjAwIzIwMTg1MzI=","type":"","width":"","height":""}],"author":"Newsdesk","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Newsdesk","Est. reading time":"3 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/hagens-berman-national-trial-attorneys-encourages-investors-in-leidos-holdings-ldos-to-contact-its-attorneys-securities-fraud-case-filed-analyst-says-company-wasted-1b\/#article","isPartOf":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/hagens-berman-national-trial-attorneys-encourages-investors-in-leidos-holdings-ldos-to-contact-its-attorneys-securities-fraud-case-filed-analyst-says-company-wasted-1b\/"},"author":{"name":"Newsdesk","@id":"https:\/\/www.marketnewsdesk.com\/#\/schema\/person\/482f27a394d4fda80ecb5499e519d979"},"headline":"HAGENS BERMAN, NATIONAL TRIAL ATTORNEYS, Encourages Investors in Leidos Holdings (LDOS) to Contact Its Attorneys, Securities Fraud Case Filed, Analyst Says Company \u201cWasted\u201d $1B","datePublished":"2021-03-15T19:54:45+00:00","mainEntityOfPage":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/hagens-berman-national-trial-attorneys-encourages-investors-in-leidos-holdings-ldos-to-contact-its-attorneys-securities-fraud-case-filed-analyst-says-company-wasted-1b\/"},"wordCount":534,"image":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/hagens-berman-national-trial-attorneys-encourages-investors-in-leidos-holdings-ldos-to-contact-its-attorneys-securities-fraud-case-filed-analyst-says-company-wasted-1b\/#primaryimage"},"thumbnailUrl":"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=ODE5MDM4MyM0MDY1MjAwIzIwMTg1MzI=","inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/hagens-berman-national-trial-attorneys-encourages-investors-in-leidos-holdings-ldos-to-contact-its-attorneys-securities-fraud-case-filed-analyst-says-company-wasted-1b\/","url":"https:\/\/www.marketnewsdesk.com\/index.php\/hagens-berman-national-trial-attorneys-encourages-investors-in-leidos-holdings-ldos-to-contact-its-attorneys-securities-fraud-case-filed-analyst-says-company-wasted-1b\/","name":"HAGENS BERMAN, NATIONAL TRIAL ATTORNEYS, Encourages Investors in Leidos Holdings (LDOS) to Contact Its Attorneys, Securities Fraud Case Filed, Analyst Says Company \u201cWasted\u201d $1B - 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