INVESTOR NOTICE: Goldberg Law PC Announces Securities Class Action Lawsuit against Orbital ATK, Inc. & Encourages Investors w...
August 12 2016 - 11:22PM
Business Wire
Goldberg Law PC (the “Firm”) announces that a class action
lawsuit has been filed against Orbital ATK, Inc. (“Orbital” or the
“Company”) (NYSE: OA). Investors who purchased or otherwise
acquired shares between June 1, 2015 and August 9, 2016 inclusive
(the “Class Period”) are encouraged to contact the Firm in advance
of the October 11, 2016 lead plaintiff motion
deadline.
If you are a shareholder who suffered a loss during the Class
Period, click here to participate. In addition, we advise
you to contact Michael Goldberg or Brian Schall, of Goldberg Law
PC, 1999 Avenue of the Stars, Suite 1100, Los Angeles, CA 90067, at
800-977-7401, to discuss your rights without cost to you. You can
also reach us through the firm’s website at
http://www.Goldberglawpc.com, or by email at
info@goldberglawpc.com.
The class in this case has not yet been certified, and until
certification occurs, you are not represented by an attorney. If
you choose to take no action, you can remain an absent class
member.
The complaint alleges that throughout the Class Period, Orbital
made materially false and misleading statements, and/or failed to
disclose: that Orbital lacked effective control over financial
reporting; that the Company failed to record an anticipated loss on
a $2.3 billion long-term contract with the U.S. Army after the loss
became evident in 2015, as required by generally accepted
accounting principles; and that as a result of the above, Orbital’s
public statements were materially false and misleading at all
relevant times. On August 10, 2016, the Company announced that it
would miss its SEC Form 10-Q filing deadline for the most recent
quarter and that several previous financial statements are no
longer reliable due to misstatements relating to the
above-mentioned contract with the U.S. army. When this news was
released, shares of Orbital dropped in value.
Goldberg Law PC represents shareholders around the world and
specializes in securities class actions and shareholder rights
litigation.
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/20160812005816/en/
Goldberg Law PC, Los AngelesMichael Goldberg, Esq.,
800-977-7401Brian Schall, Esq.,
800-977-7401info@goldberglawpc.comwww.Goldberglawpc.com
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