L3T Technologies Securities Litigation


Patel v. L-3 Communications Holdings, Inc., et al., United States District Court, Southern District of New York, Case No. 14-cv-06038-VEC.

The purpose of this website is to inform you of the pendency of this class action and the proposed $34.5 million settlement reached therein (the “Settlement”) and of the hearing to be held by the Court to consider the fairness, reasonableness, and adequacy of the Settlement as well as counsel’s application for fees, costs, and expenses. This website describes what steps you may take in relation to the Settlement and this class action.

This website is not an expression of any opinion by the Court concerning the merits of any claim in the Action, and the Court still has to decide whether to approve the Settlement. If the Court approves the Settlement and a plan of allocation, then payments to Authorized Claimants will be made after any appeals are resolved and after the completion of all claims processing. Please be patient, as this process can take some time to complete.

What Are My Options?
SUBMIT A PROOF OF CLAIM POSTMARKED OR SUBMITTED ONLINE NO LATER THAN JULY 29, 2017. This is the only way to be potentially eligible to get a payment in connection with the Settlement. You must submit a Proof of Claim and all required documentation.
EXCLUDE YOURSELF FROM THE CLASS BY SUBMITTING A WRITTEN REQUEST POSTMARKED NO LATER THAN JULY 21, 2017. If you exclude yourself from the Class, you will not be eligible to get any payment from the Net Settlement Fund. This is the only option that allows you to be part of any other lawsuit against L3 or the other Related Parties concerning the Released Claims.
OBJECT TO THE SETTLEMENT BY SUBMITTING A WRITTEN OBJECTION SO THAT IT IS RECEIVED NO LATER THAN JULY 21, 2017. If you do not like the proposed Settlement, the proposed Plan of Allocation, or the fee and expense application, you may write to the Court and explain why you do not like them. You cannot object to the Settlement, the Plan of Allocation, or the fee and expense application unless you are a Class Member and do not exclude yourself.
GO TO THE SETTLEMENT HEARING ON AUGUST 16, 2017, AND FILE A NOTICE OF INTENTION TO APPEAR SO THAT IT IS RECEIVED NO LATER THAN JULY 21, 2017. Filing a written objection and notice of intention to appear allows you to speak in Court about the fairness of the Settlement, the Plan of Allocation, and/or the fee and expense application. If you submit a written objection, you may (but do not have to) attend the hearing and speak to the Court about your objection.
DO NOTHING. If you are a member of the Class and you do not submit a Proof of Claim by July 29, 2017, you will not be eligible to receive any payment from the Net Settlement Fund. You will, however, remain a member of the Class, which means that you give up your right to sue about the claims that are resolved by the Settlement and you will be bound by any judgments or orders entered by the Court pertaining to the Litigation.

Please consult the Notice for more details on your options.