NEW YORK, NY / ACCESSWIRE / November 25, 2022 / Pomerantz LLP is investigating claims on behalf of investors of Leidos Holdings Inc. ('Leidos' or the 'Company') (NYSE:LDOS). Such investors are advised to contact Robert S. Willoughby at [email protected]or 888-476-6529, ext. 7980.

The investigation concerns whether Leidos and certain of its officers and/or directors have engaged in securities fraud or other unlawful business practices.

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On November 1, 2022, Leidos disclosed in a filing with the U.S. Securities and Exchange Commission that it had received a grand jury subpoena in September 2022 related to the criminal investigation by the U.S. Attorney's Office for the Southern District of California in conjunction with the U.S. Department of Justice's Fraud Division. The subpoena requested documents relating to the Company's internal investigation, previously disclosed in Leidos's annual report filed on February 15, 2022. Leidos initiated the investigation related to activities by some employees, third-party representatives, and subcontractors to determine whether certain conduct may have violated the Foreign Corrupt Practices Act.

Pomerantz LLP, with offices in New York, Chicago, Los Angeles, Paris, and Tel Aviv, is acknowledged as one of the premier firms in the areas of corporate, securities, and antitrust class litigation. Founded by the late Abraham L. Pomerantz, known as the dean of the class action bar, Pomerantz pioneered the field of securities class actions. Today, more than 85 years later, Pomerantz continues in the tradition he established, fighting for the rights of the victims of securities fraud, breaches of fiduciary duty, and corporate misconduct. The Firm has recovered numerous multimillion-dollar damages awards on behalf of class members. See www.pomlaw.com.

SOURCE: Pomerantz LLP