J&W Reminds Investors of Deadline in Suit Filed against Booz Allen Hamilton (BAH); Should Officers and Directors be Responsible for the Alleged Harm?
SAN DIEGO— PRNewswire—June 22, 2017
Johnson & Weaver, LLP reminds investors that a class action case was filed against Booz Allen Hamilton Holding Corporation (NYSE: BAH) (“Booz Allen”) for purchasers of the stock between May 19, 2016 and June 15, 2017, inclusive (the “Class Period”). Additionally, Johnson & Weaver, LLP is investigating whether officers and directors of the Company should be responsible for alleged harm as detailed below:
The class action complaint alleges that throughout the Class Period, Defendants made false and misleading statements and failed to disclose that: (1) Booz Allen engaged in improper accounting practices in its contracts with the U.S. government; (2) as a result, Booz Allen’s revenues derived from services provided to the U.S. government were inflated and unsustainable; (3) discovery of such ongoing conduct would subject Booz Allen to heightened regulatory scrutiny, potential criminal sanctions, and jeopardize its business relationship with the U.S. government; and (4) consequently, Booz Allen’s public statements were materially false and misleading at all relevant times.
On June 15, 2017, after-market hours, Booz Allen revealed that on June 7, 2017, its subsidiary Booz Allen Hamilton Inc. “was informed that the U.S. Department of Justice is conducting a civil and criminal investigation relating to certain elements of [its] cost accounting and indirect cost charging practices with the U.S. government.” Following this news, Booz Allen stock fell roughly 18% on June 16, 2017.
If you purchased shares during the Class Period and suffered a loss in Booz Allen, you have until August 18, 2017, to request that the Court appoint you as lead plaintiff.
Additionally, if you have held Booz Allen shares continuously since at least May 19, 2016, you may have standing to hold the Company harmless from the damage the officers or directors are alleged to have caused the Company. You may also be able to assist in reforming the Company’s corporate governance to prevent future wrongdoing.
If you are interested in learning more about your legal rights and remedies, or becoming a lead plaintiff in this case, please contact analyst Jim Baker (firstname.lastname@example.org) at 619-814-4471. If you email, please include your phone number.
About Johnson & Weaver, LLP:
Johnson & Weaver, LLP is a nationally recognized shareholder rights law firm with offices in California, New York, and Georgia. The firm represents individual and institutional investors in shareholder derivative and securities class action lawsuits. For more information about the firm and its attorneys, please visit http://www.johnsonfistel.com. Attorney advertising. Past results do not guarantee future outcomes.