IMPORTANT INVESTOR ALERT: Lundin Law PC Announces Securities Class Action Lawsuit against Orbital ATK, Inc. & Encourages Inve...
August 15 2016 - 3:45PM
Business Wire
Lundin Law PC (the “Firm”) announces a class action lawsuit has
been filed against Orbital ATK, Inc. ("Orbital" or the "Company")
(NYSE: OA) concerning possible violations of federal securities
laws between June 1, 2015 and August 9, 2016 (the “Class Period”).
Investors who purchased or otherwise acquired shares during the
Class Period should contact the Firm in advance of the October
11, 2016 lead plaintiff motion deadline.
To participate in this class action lawsuit, click here.
You can also call Brian Lundin, Esquire, of Lundin Law PC, at
888-713-1033, or e-mail him at brian@lundinlawpc.com.
No class has been certified in the above action. Until a class
is certified, you are not considered represented by an attorney.
You may also choose to do nothing and be an absent class
member.
According to the complaint, 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, causing investors harm.
Lundin Law PC was founded by Brian Lundin, a securities
litigator based in Los Angeles dedicated to upholding shareholders’
rights.
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/20160815005825/en/
Lundin Law PCBrian Lundin, Esq.Telephone: 888-713-1033Facsimile:
888-713-1125brian@lundinlawpc.comhttp://lundinlawpc.com/
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