NEW ORLEANS, Sept. 2, 2016 /PRNewswire/ -- Kahn Swick
& Foti, LLC ("KSF") and KSF partner, the former Attorney
General of Louisiana, Charles C. Foti, Jr., remind investors that they
have until October 11, 2016 to
file lead plaintiff applications in a securities class action
lawsuit against Orbital ATK, Inc. (NYSE: OA), if they purchased the
Company's securities between June 1,
2015 and August 9, 2016,
inclusive (the "Class Period"). This action is pending in the
United States District Court for the Eastern District of
Virginia.
What You May Do
If you purchased shares of Orbital and would like to discuss
your legal rights and how this case might affect you and your right
to recover for your economic loss, you may, without obligation or
cost to you, call toll-free at 1-877-515-1850 or email KSF Managing
Partner Lewis Kahn (lewis.kahn@ksfcounsel.com). If you wish to
serve as a lead plaintiff in this class action, you must petition
the Court by October 11,
2016.
About the Lawsuit
Orbital and certain of its executives are charged with failing
to disclose material information during the Class Period, violating
federal securities laws.
On August 10, 2016, Orbital
disclosed that it would miss its 10-Q filing deadline, that its
previously issued financial statements for fiscal 2015 through the
quarter ended April 3, 2016 should no
longer be relied upon due to misstatements regarding its
$2.3 billion long-term contract with
the U.S. Army, which Orbital disclosed it now believed would result
in a net loss, and that these issues "indicate the existence of one
or more material weaknesses in its internal control over financial
reporting."
On this news, the price of Orbital's shares plummeted by
20%.
About Kahn Swick & Foti, LLC
KSF, whose partners include the Former Louisiana Attorney
General Charles C. Foti, Jr., is a
law firm focused on securities, antitrust and consumer class
actions, along with merger & acquisition and breach of
fiduciary litigation against publicly traded companies on behalf of
shareholders. The firm has offices in New
York, California and
Louisiana.
To learn more about KSF, you may visit www.ksfcounsel.com.
Contact:
Kahn Swick & Foti, LLC
Lewis Kahn, Managing Partner
lewis.kahn@ksfcounsel.com
1-877-515-1850
206 Covington St.
Madisonville, LA 70447
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SOURCE Kahn Swick & Foti, LLC