L-3 Execs Named in New ERISA Lawsuit Over Stock Losses – Bloomberg BNA
Zamansky LLC recently filed an ERISA class action on behalf of current and former L-3 employees to recover lost retirement savings in the wake of an accounting fraud. Samuel Bonderoff, Zamansky LLC partner, told Bloomberg BNA that this lawsuit contains specific factual allegations and “builds off L-3’s recent $1.6 million settlement with the Securities and Exchange Commission over charges that the company failed to maintain accurate books and records and used insufficient accounting practices.”