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IRVINE, Calif., Aug. 11, 2017 -- Khang & Khang LLP (the “Firm”) announces a securities class action lawsuit against Booz Allen Hamilton Holding Corporation (“Booz Allen” or the “Company”) (NYSE:BAH). Investors who purchased or otherwise acquired Booz Allen shares from May 19, 2016 through June 15, 2017, inclusive (the “Class Period”), are encouraged to contact the Firm before the August 18, 2017 lead plaintiff motion deadline.
If you purchased shares of Booz Allen during the Class Period, please contact Joon M. Khang, Esq., of Khang & Khang LLP, 4000 Barranca Parkway, Suite 250, Irvine, CA 92604, by telephone at (949) 419-3834, or by e-mail at [email protected].
There has been no class certification in this case yet, and until certification occurs, you are not represented by an attorney. You may also choose to take no action and remain a passive class member.
According to the lawsuit, throughout the Class Period, Booz Allen made false and misleading statements and/or failed to disclose that: the Company engaged in improper accounting practices in its contracts with the U.S. government; that its revenues derived from services provided to the U.S. government were inflated and unsustainable; that the discovery of such conduct would subject the Company to heightened regulatory scrutiny, potential criminal sanctions, and endanger its business relationship with the government; and that as a result, Booz Allen’s public statements were materially false and misleading at all relevant times.
On June 15, 2017, Booz Allen revealed that on June 7, 2017, the Company’s wholly-owned subsidiary, Booz Allen Hamilton Inc., “was informed that the U.S. Department of Justice is conducting a civil and criminal investigation relating to certain elements of the Company’s cost accounting and indirect cost charging practices with the U.S. government.” When this information was announced, Booz Allen’s stock price dropped materially, which harmed investors according to the Complaint.
If you want to learn more about this lawsuit, or if you have questions concerning this notice or your rights, please contact Joon M. Khang, Esq., a prominent litigator for nearly two decades, by telephone at (949) 419-3834, or by e-mail at [email protected].
This press release may be considered Attorney Advertising in certain jurisdictions.
Contact Joon M. Khang, Esq. Telephone: 949-419-3834 Facsimile: 949-225-4474 [email protected]
