EQUITY ALERT: Rosen Law Firm Announces Filing of Securities Class Action Lawsuit Against Orbital ATK, Inc.
August 16 2016 - 12:25PM
Business Wire
Rosen Law Firm, a global investor rights law firm, announces the
filing of a class action lawsuit on behalf of purchasers of Orbital
ATK, Inc. securities (NYSE:OA) from June 1, 2015 through August 9,
2016, both dates inclusive (the “Class Period”). The lawsuit seeks
to recover damages for Orbital investors under the federal
securities laws.
To join the Orbital class action, go to the firm’s website at
http://www.rosenlegal.com/cases-932.html or call Phillip Kim, Esq.
or Kevin Chan, Esq. toll free at 866-767-3653 or email
pkim@rosenlegal.com or kchan@rosenlegal.com for more information on
the class action.
NO CLASS HAS YET BEEN CERTIFIED IN THE ABOVE ACTION. UNTIL A
CLASS IS CERTIFIED, YOU ARE NOT REPRESENTED BY COUNSEL UNLESS YOU
RETAIN ONE. YOU MAY ALSO REMAIN AN ABSENT CLASS MEMBER AND DO
NOTHING AT THIS POINT. YOU MAY RETAIN COUNSEL OF YOUR CHOICE.
According to the lawsuit, throughout the Class Period defendants
issued false and misleading statements to investors and/or failed
to disclose that (1) Orbital lacked effective control over
financial reporting; (2) Orbital failed to record an anticipated
loss on a $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 after the loss became evident in
2015, as required by generally accepted accounting principles; and
(3) as a result, defendants’ statements about Orbital’s business,
operations and prospects were materially false and misleading
and/or lacked a reasonable basis at all relevant times. When the
true details entered the market, the lawsuit claims that investors
suffered damages.
A class action lawsuit has already been filed. If you wish to
serve as lead plaintiff, you must move the Court no later than
October 11, 2016. A lead plaintiff is a representative party acting
on behalf of other class members in directing the litigation. If
you wish to join the litigation, go to the firm’s website at
http://www.rosenlegal.com/cases-932.html for more information. You
may also contact Phillip Kim, Esq. or Kevin Chan, Esq. of Rosen Law
Firm toll free at 866-767-3653 or via email at pkim@rosenlegal.com
or kchan@rosenlegal.com.
Rosen Law Firm represents investors throughout the globe,
concentrating its practice in securities class actions and
shareholder derivative litigation.
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version on businesswire.com: http://www.businesswire.com/news/home/20160816005990/en/
The Rosen Law Firm, P.A.Laurence Rosen, Esq.Phillip Kim,
Esq.Kevin Chan, Esq.275 Madison Avenue, 34th FloorNew York, NY
10016Tel: 212-686-1060Toll Free: 866-767-3653Fax:
212-202-3827lrosen@rosenlegal.compkim@rosenlegal.comkchan@rosenlegal.comwww.rosenlegal.com
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