BAH INVESTORS NOTICE: Lieff Cabraser Reminds Investors of Deadline in Class Action Against Booz Allen Hamilton Corporation
July 17 2017 - 2:52PM
Business Wire
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.
Booz 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 responsibility.
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.
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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
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