On August 10, 2016, pre-market, Orbital released that due to accounting issues, it would delay and miss its filing deadline for its most recent quarter and restate more than a year worth of results. Orbital also said that its results from the quarters ended June 29, 2014 through April 3, 2016 "should no longer be relied upon," that it would postpone its most recent quarterly report and that the issues "indicate the existence of one or more material weaknesses in its internal control over financial reporting." Following this news, Orbital stock dropped as much as $4.05, or over 16%, during intraday trading on August 10, 2016.
If you purchased Orbital shares or if you are aware of any facts relating to this investigation, you can assist this investigation by visiting the firm's site: http://www.bgandg.com/oa. You can also contact Peretz Bronstein or his Investor Relations Analyst, Yael Hurwitz of Bronstein, Gewirtz & Grossman, LLC: 212-697-6484 or via email email@example.com. Those who inquire by e-mail are encouraged to include their mailing address, email and telephone number.
Bronstein, Gewirtz & Grossman, LLC is a corporate litigation boutique. Our primary expertise is the aggressive pursuit of litigation claims on behalf of our clients. In addition to representing institutions and other investor plaintiffs in class action security litigation, the firm's expertise includes general corporate and commercial litigation, as well as securities arbitration. Attorney advertising. Prior results do not guarantee similar outcomes.
Bronstein, Gewirtz & Grossman, LLC
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