NEW YORK, Aug. 10, 2016 /PRNewswire/ -- Pomerantz LLP is
investigating claims on behalf of investors of Orbital ATK
("Orbital" or the "Company") (NYSE: OA). Such investors are
advised to contact Robert S.
Willoughby at rswilloughby@pomlaw.com or 888-476-6529, ext.
9980.
[Click here to join a class action]
The investigation concerns whether Orbital and certain of its
officers and/or directors have violated Sections 10(b) and 20(a) of
the Securities Exchange Act of 1934.
On August 10, 2016, pre-market,
Orbital announced that the Company would miss its filing deadline
for its most recent quarter and restate more than a year worth of
results due to account issues. The Company stated that its
results from the quarters ended June 29,
2014 through April 3, 2016
"should no longer be relied upon," that it would delay its
quarterly report for its most recently completed quarter, and that
the issues "indicate the existence of one or more material
weaknesses in its internal control over financial
reporting."
On this news, Orbital's stock has fallen as much as $4.05, or more than 16%, during intraday trading
on August 10, 2016.
The Pomerantz Firm, with offices in New York, Chicago, Florida, and Los
Angeles, is acknowledged as one of the premier firms in the
areas of corporate, securities, and antitrust class litigation.
Founded by the late Abraham L.
Pomerantz, known as the dean of the class action bar, the
Pomerantz Firm pioneered the field of securities class actions.
Today, more than 80 years later, the Pomerantz Firm continues in
the tradition he established, fighting for the rights of the
victims of securities fraud, breaches of fiduciary duty, and
corporate misconduct. The Firm has recovered numerous
multimillion-dollar damages awards on behalf of class members. See
www.pomerantzlaw.com
CONTACT:
Robert S.
Willoughby
Pomerantz LLP
rswilloughby@pomlaw.com
To view the original version on PR Newswire,
visit:http://www.prnewswire.com/news-releases/shareholder-alert-pomerantz-law-firm-investigates-claims-on-behalf-of-investors-of-orbital-atk-inc---oa-300311846.html
SOURCE Pomerantz LLP