Haeggquist & Eck, LLP Investigates Potential Corporate Misconduct at Booz Allen Hamilton Regarding DOJ’s Investigation of C...
July 12 2017 - 9:00AM
Business Wire
Haeggquist & Eck, LLP a shareholder rights litigation firm,
is investigating potential corporate misconduct at Booz Allen
Hamilton Holding Corporation (NYSE: BAH) (“Booz Allen” or the
“Company”), an entity providing management and technology
consulting and other services to governments and corporations. On
June 15, 2017, Booz Allen issued a statement that the Company’s
subsidiary Booz Allen Hamilton Inc. had been informed, on June 7,
2017, “that the U.S. Department of Justice [the “DOJ”] 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.” Our investigation includes
examination of whether Booz Allen’s executives and directors
breached their fiduciary duties by causing the Company to issue
materially false and misleading statements regarding the Company’s
business, operational and compliance policies and/or failed to
timely disclose any improper accounting practices regarding Booz
Allen’s government contracts.
Notably, Booz Allen has recently been subject to securities
class action claims filed in the U.S. District Court for the
Eastern District of Virginia (the “Class Action”) in relation to
the June 15, 2017 announcement of the DOJ investigation. Currently,
the proposed Class Action is filed on behalf of those who acquired
Booz Allen securities between May 19, 2016 and June 15, 2017, with
an August 18, 2017 deadline to move the court to serve as a lead
plaintiff in the Class Action.
Following the June 15, 2017 announcement of the DOJ
investigation, Booz Allen’s share price fell more than 18% to close
at $31.90 on June 16, 2017.
Booz Allen Shareholders Have Legal Options
Concerned Booz Allen shareholders who would like more
information about potential remedies for the alleged misconduct,
including remedies to the Company from the alleged misconduct of
its executives and/or directors, may contact attorneys Amber Eck or
Kathleen Herkenhoff at 619-342-8000, ambere@haelaw.com or
kathleenh@haelaw.com.
Haeggquist & Eck, LLP is a nationally recognized leader in
shareholder rights law. The firm represents individual investors in
shareholder derivative lawsuits, and members of the firm have
helped shareholders recover more than $1 billion of value for
themselves and the companies in which they have invested.
This release constitutes attorney advertising. Past results do
not guarantee a similar outcome.
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version on businesswire.com: http://www.businesswire.com/news/home/20170712005382/en/
Haeggquist & Eck, LLP619-342-8000Amber Eck,
ambere@haelaw.comKathleen Herkenhoff, kathleenh@haelaw.com
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