NEW YORK, June 23, 2017 (GLOBE NEWSWIRE) -- Stull, Stull & Brody ("SS&B") announces that a class action lawsuit was commenced in the United States District Court for the Eastern District of Virginia on behalf of persons who purchased or acquired shares of Booz Allen Hamilton Holding Corporation (“Booz Allen” or the “Company”) (NYSE:BAH) between May 19, 2016, and June 15, 2017, inclusive (the “Class Period”). If you purchased Company securities during the Class Period you apply to be lead plaintiff by August 18, 2017.
SS&B is also investigating whether Company directors or executives were breached fiduciary duties to Company, causing the Company expose itself to harm to help insiders. If you held Booz Allen stock before the Class Period and continue to hold it, you may be eligible to bring an action on behalf of the Company.
The Complaint alleges that although substantially all of the Company’s revenue is from the government, during the Class Period Booz Allen and certain of its executives made false and/or misleading statements and/or failed to disclose that: (1) its accounting and indirect cost charging practices with the U.S. government were improper; (2) the Company had material weaknesses in its internal controls; and (3) public statements about the Company’s business, operations, and financial results were materially false and misleading.
On June 15, 2017, Booz Allen disclosed that the Department of Justice is investigating its cost accounting and indirect cost charging practices with the U.S. government.
If you have any questions concerning this notice or your rights or interests with respect to these matters, please contact Michael J. Klein, Esq. at SS&B at BAH@ssbny.com, 1-800-337-4983 x147, by fax to 212-490-2022, or by writing to 6 East 45th Street, New York, NY 10017.
SS&B has litigated class actions for violations of securities laws and breaches of fiduciary duty on behalf of defrauded investors over the past 40 years and has obtained court approval of substantial settlements on numerous occasions. SS&B has offices in New York and Beverly Hills. SS&B’s website (www.ssbny.com) has additional information about the firm.
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