Bragar Eagel & Squire, P.C. is Investigating the Officers & Directors of Orbital ATK, Inc. (OA) on Behalf of Stockholders & E...
August 10 2016 - 6:10PM
Business Wire
Bragar Eagel & Squire, P.C. is investigating potential
claims on behalf of Orbital ATK, Inc. (NYSE:OA) stockholders
concerning whether the company’s officers and directors violated
the federal securities laws.
On August 10, 2016, the Company announced the need to restate
its financial statements for fiscal year 2015, the nine-month
period ended December 31, 2015, and the quarter ended April 3,
2016. The restatement relates to Orbital’s “$2.3 billion long-term
contract with the U.S. Army to manufacture and supply small caliber
ammunition at the U.S. Army’s Lake City Army Ammunition Plant.”
According to Orbital, the restatement will likely reduce pre-tax
operating income by $400 million to $450 million, and reduce 2015
revenues by $100 million to $150 million.
On this news, Orbital shares fell $17.98 per share, over 20%, to
close at $70.79 on August 10, 2016.
If you purchased Orbital securities, have information or would
like to learn more about these claims, or have any questions
concerning this announcement or your rights or interests with
respect to these matters please contact J. Brandon Walker, Esq. by
email at investigations@bespc.com, or telephone at (212) 355-4648,
or by filling out this contact form. There is no cost or obligation
to you.
Bragar Eagel & Squire, P.C. is a New York-based law firm
concentrating in commercial and securities litigation. For
additional information, please go to www.bespc.com.
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version on businesswire.com: http://www.businesswire.com/news/home/20160810006209/en/
Bragar Eagel & Squire, P.C.J. Brandon Walker, Esq.,
212-355-4648investigations@bespc.com
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