Booz Allen Hamilton Holding Corp. (NYSE:BAH)
Historical Stock Chart
1 Month : From Jun 2017 to Jul 2017
The law firm of Lieff
Cabraser Heimann & Bernstein, LLP reminds investors of the
upcoming deadline to move for appointment as lead plaintiff in
securities class litigation brought on behalf of investors who purchased
or otherwise acquired the securities of Booz Allen Hamilton Corporation
(“Booz Allen” or the “Company”) (NYSE: BAH) between May 19, 2016 and
June 15, 2017, inclusive (the “Class Period”).
If you purchased or acquired the securities of Booz Allen during the
Relevant Period, you may move the Court for appointment as lead
plaintiff by no later than August 18, 2017. A lead plaintiff is a
representative party who acts on behalf of other class members in
directing the litigation. Your share of any recovery in the action will
not be affected by your decision of whether to seek appointment as lead
plaintiff. You may retain Lieff Cabraser, or other attorneys, as your
counsel in the action.
Allen investors who wish to learn more about the litigation and how to
seek appointment as lead plaintiff should click here or contact Sharon
M. Lee of Lieff Cabraser toll-free at 1-800-541-7358.
Booz Allen is a Virginia-based American management consulting firm.
The action alleges that, throughout the Class Period, Booz Allen and
certain of its senior executives made false and/or misleading statements
and/or failed to disclose that: (i) the company engaged in improper
accounting practices in its contracts with the U.S. government; (ii)
consequently, Booz Allen’s revenues, which were in large part derived
from services provided to the U.S. government, were inflated and
unsustainable; and (iii) discovery of such conduct would subject the
Company to increased regulatory scrutiny, potential criminal sanctions,
and jeopardize its business relationship with its primary source of
revenue, the U.S. government.
On June 15, 2017, after the stock market closed, Booz Allen revealed
that the Company’s subsidiary Booz Allen Hamilton Inc. learned on June
7, 2017 that the U.S. Department of Justice is conducting “a civil and
criminal investigation relating to certain elements of [the
subsidiary’s] cost accounting and indirect cost charging practices with
the U.S. government.” On this news, Booz Allen’s share price dropped
$7.43 per share, or 18.89% from a closing price of $39.33 per share on
June 15, 2017, to close at $31.90 per share on June 16, 2017, on
extremely elevated trading volume.
About Lieff Cabraser
Lieff Cabraser Heimann & Bernstein, LLP, with offices in San Francisco,
New York, Nashville, and Seattle, is a nationally recognized law firm
committed to advancing the rights of investors and promoting corporate
The National Law Journal has recognized Lieff Cabraser as one of
the nation’s top plaintiffs’ law firms for fourteen years. In compiling
the list, the National Law Journal examines recent verdicts and
settlements and looked for firms “representing the best qualities of the
plaintiffs’ bar and that demonstrated unusual dedication and
creativity.” Law360 has selected Lieff Cabraser as one of the Top
50 law firms nationwide for litigation, highlighting our firm’s “laser
focus” and noting that our firm routinely finds itself “facing off
against some of the largest and strongest defense law firms in the
world.” In late 2016, Benchmark Litigation named Lieff Cabraser
one of the “Top 10 Plaintiffs’ Firms in America.”
For more information about Lieff Cabraser and the firm’s representation
of investors, please visit http://www.lieffcabraser.com.
This press release may be considered Attorney Advertising in some
jurisdictions under the applicable law and ethical rules.
View source version on businesswire.com: http://www.businesswire.com/news/home/20170717006101/en/
Source/Contact for Media Inquiries OnlyLieff Cabraser
Heimann & Bernstein, LLPSharon M. Lee, 1-800-541-7358