IMPORTANT SHAREHOLDER ALERT: Khang & Khang LLP Announces Securities Class Action Lawsuit Against Orbital ATK, Inc. & Encourag...
August 18 2016 - 1:58PM
Business Wire
Khang & Khang LLP (the “Firm”) announces that a class action
lawsuit was filed against Orbital ATK, Inc. (“Orbital” or the
“Company”) (NYSE: OA). Investors who purchased or otherwise
acquired shares between June 1, 2015 and August 9, 2016 inclusive
(the “Class Period”), are encouraged to contact the Firm prior to
the October 11, 2016 lead plaintiff motion deadline.
If you purchased shares of Orbital during the Class Period,
please contact Joon M. Khang, Esquire, of Khang & Khang LLP,
18101 Von Karman Avenue, 3rd Floor, Irvine, CA 92612, by telephone:
949-419-3834, or by e-mail at joon@khanglaw.com.
There has been no class certification in this case. Until
certification occurs, you are not represented by an attorney. You
may choose to take no action and remain a passive class member.
The complaint alleges that Orbital made materially false and
misleading statements, and/or failed to disclose: that Orbital
lacked effective control over financial reporting; that the Company
failed to record an anticipated loss on a $2.3 billion long-term
contract with the U.S. Army after the loss became evident in 2015,
as required by generally accepted accounting principles; and that
as a result of the above, Orbital’s public statements were
materially false and misleading at all relevant times. On August
10, 2016, the Company announced that it would miss its SEC Form
10-Q filing deadline for the most recent quarter and that several
previous financial statements are no longer reliable due to
misstatements relating to the above-mentioned contract with the
U.S. Army. When this news was disclosed, shares of Orbital dropped
in value.
If you wish to learn more about this lawsuit, or if
you have any questions concerning this notice or your rights,
please contact Joon M. Khang, a prominent litigator for almost two
decades, by telephone: (949) 419-3834, or by e-mail at
joon@khanglaw.com.
This press release may constitute Attorney Advertising in
certain jurisdictions.
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version on businesswire.com: http://www.businesswire.com/news/home/20160818006086/en/
Khang & Khang LLPJoon M. Khang, Esq.Telephone:
949-419-3834Facsimile: 949-225-4474joon@khanglaw.com
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