Aerojet Rocketdyne Holdings, a developer of aerospace and defense products, and members of its board of directors were hit with a shareholder lawsuit on Monday in California Central District Court over the company's proposed acquisition by L3 Harris Technologies for $4.7 billion. The suit, filed by Brodsky & Smith on behalf of Robert Gaither, alleges that the proxy statement filed in support of the deal contains false information. Counsel have not yet appeared for the defendants. The case is 2:23-cv-01074, Gaither v. Aerojet Rocketdyne Holdings Inc. et al.
Aerospace & Defense
February 13, 2023, 6:51 PM