Former United States Securities and Exchange Commission attorney Willie Briscoe is investigating potential claims against the Board of Directors of L3 Technologies, Inc. (“L3”) (NYSE: LLL) concerning the merger with Harris Corporation (NYSE: HRS).  Under the terms of the agreement, L3 shareholders will only receive 1.30 shares of HRS common stock for each share of L3 stock held.   Based on the closing price of Harris Corporation before the deal was announced, the consideration is virtually no premium over the 52-week high and lower than at least one analyst’s estimated value of $274.00 per share.

If you are an affected investor, and you want to learn more about the investigation or if you have information that you believe would be helpful to our investigation of the fairness of the proposed transaction, contact Willie Briscoe at The Briscoe Law Firm, PLLC via email at shareholders@thebriscoelawfirm.com or by calling (888) 809-2750. There is no cost or fee to you.

The investigation centers on whether L3’s Board of Directors is acting in the shareholders’ best interests, whether the board is properly negotiating a higher share price for the shareholders, and whether the board has employed an adequate process to review and act on the proposed transaction.

The Briscoe Law Firm, PLLC is a full-service business litigation and shareholder rights advocacy firm with more than 20 years of experience in complex litigation matters, including claims of investor and stockholder fraud, shareholder derivative suits, and securities class actions.

 

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