IRVINE, CA / ACCESSWIRE / July 17, 2017 / Khang & Khang LLP (the “Firm”) announces a securities class action lawsuit against Booz Allen Hamilton Holding Corporation (“Booz Allen” or the “Company”) (NYSE: BAH). Investors, who purchased or otherwise acquired Booz Allen shares from May 19, 2016, through June 15, 2017, inclusive (the “Class Period”), are encouraged to contact the Firm before the August 18, 2017, lead plaintiff motion deadline.
If you purchased shares of Booz Allen during the Class Period, please contact Joon M. Khang, Esq., of Khang & Khang LLP, 18101 Von Karman Avenue, 3rd Floor, Irvine, CA 92612, by telephone: (949) 419-3834, or by e-mail at [email protected].
There has been no class certification in this case yet. Until certification occurs, you are not represented by an attorney. You may also choose to take no action and remain a passive class member.
According to the Complaint, throughout the Class Period, Booz Allen made false and misleading statements and/or failed to disclose that: the Company engaged in improper accounting practices in its contracts with the U.S. government; that its revenues derived from services provided to the U.S. government were inflated and unsustainable; that the discovery of such conduct would subject the Company to heightened regulatory scrutiny, potential criminal sanctions, and endanger its business relationship with the U.S. government; and that as a result of the above, Booz Allen’s public statements were materially false and misleading at all relevant times.
On June 15, 2017, the Company disclosed that on June 7, 2017, the Company’s wholly-owned 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 the Company’s cost accounting and indirect cost charging practices with the U.S. government.” When this news was announced, shares of Booz Allen dropped in value materially, which caused investors harm according to the Complaint.
If you wish to learn more about this lawsuit, or if you have any questions regarding this notice or your rights, please contact Joon M. Khang, Esq., a prominent Litigator for almost two decades, by telephone at (949) 419-3834, or by e-mail at [email protected].
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Joon M. Khang, Esq.
SOURCE: Khang & Khang LLP