Law Firm Investigates L3Harris Technologies Executives
Law firm HGT Law announced on October 15, 2026, it is investigating L3Harris Technologies' executives for potential securities law violations and breaches of fiduciary duty.
HGT Law announced on October 15, 2026, that it has initiated an investigation into L3Harris Technologies, Inc. (NYSE: LHX). The probe aims to determine potential violations of federal securities laws and possible breaches of fiduciary duties by the company's officers and directors.
L3Harris, a global defense technology provider, stated on August 17, 2026, that CEO Christopher Kubasik had stepped down immediately. The company cited conduct by Mr. Kubasik inconsistent with its Code of Conduct. Following this announcement, L3Harris's stock price dropped by 4.61 percent.
Subsequent reporting by The Wall Street Journal on August 19, 2026, revealed that multiple women at L3Harris had raised concerns about Mr. Kubasik's behavior years prior, including a formal sexual harassment complaint around 2023. This marked the second time Mr. Kubasik departed a senior executive role due to alleged misconduct with an employee; he resigned from Lockheed Martin in 2012 under similar circumstances.
The investigation by HGT Law will assess whether L3Harris and its executives made materially false or misleading statements or failed to disclose crucial information to investors. It will also examine whether the Board of Directors fulfilled its fiduciary duties in overseeing executive conduct and approving the terms of Mr. Kubasik's departure.