Lawsuit for Investors in Shares of Booz Allen Hamilton Holding Corporation (NYSE:BAH) Announced by Shareholders Foundation
SAN DIEGO, CA, August 15, 2017 (Newswire.com) - The Shareholders Foundation, Inc. announces that a lawsuit was filed for investors who purchased NYSE: BAH shares against Booz Allen Hamilton Holding over alleged Securities Laws Violations.
Investors who purchased shares of Booz Allen Hamilton Holding Corporation (NYSE: BAH) have certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.
On June 15, 2017, Booz Allen Hamilton Holding Corporation disclosed that on June 7, 2017, Booz Allen Hamilton Inc., a wholly owned subsidiary of Booz Allen Hamilton Holding Corporation, 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.
On June 19, 2017, a lawsuit was filed against Booz Allen Hamilton Holding Corporation over alleged securities laws violations. The plaintiff claims that the defendants made false and/or misleading statements and/or failed to disclose that Booz Allen engaged in improper accounting practices in its contracts with the U.S. government, that consequently, the Company's revenues derived from services provided to the U.S. government were inflated and unsustainable, that discovery of the foregoing conduct would subject the Company to heightened regulatory scrutiny, potential criminal sanctions, and jeopardize its business relationship with the U.S. government, and that as a result of the foregoing, Booz Allen's public statements were materially false and misleading at all relevant times.
Those who purchased Booz Allen Hamilton Holding Corporation (NYSE: BAH) shares should contact the Shareholders Foundation, Inc.
The Shareholders Foundation, Inc. is a professional portfolio legal monitoring and a settlement claim filing service, which does research related to shareholder issues and informs investors of securities class actions, settlements, judgments, and other legal related news to the stock/financial market. The Shareholders Foundation, Inc. is not a law firm. The information is provided as a public service. It is not intended as legal advice and should not be relied upon.
CONTACT:
Shareholders Foundation, Inc.
Michael Daniels
+1 (858) 779-1554
mail@shareholdersfoundation.com
3111 Camino Del Rio North
Suite 423
San Diego, CA 92108
SOURCE: Shareholders Foundation, Inc.
Source: Shareholders Foundation, Inc.
