NEW YORK, Oct. 6, 2016 /PRNewswire/ -- Pomerantz LLP is investigating claims on behalf of investors of Booz Allen Hamilton Holding Corporation ("Booz Allen" or the "Company") (NYSE: BAH) (ISIN: US0995021062). Investors are advised to contact Robert S. Willoughby at firstname.lastname@example.org or 888-476-6529, ext. 9980.
The investigation concerns whether Booz Allen and certain of its officers and/or directors have violated Sections 10(b) and 20(a) of the Securities Exchange Act of 1934.
On October 5, 2016, a criminal complaint against former Booz Allen employee Harold T. Martin III, a private contractor assigned to a U.S. government office, was unsealed, revealing Martin's arrest by the Federal Bureau of Investigation ("FBI") on charges of theft of government property and unauthorized removal or retention of classified documents. In the affidavit in support of its application for criminal complaint, the FBI stated that on August 27, 2016, FBI agents searching Martin's residence and vehicle located various hard copy documents and terabytes of highly classified government information, including top secret and sensitive compartmented information.
On this news, Booz Allen stock fell $1.19, or 3.78%, to close at $30.31 on October 5, 2016.
The Pomerantz Firm, with offices in New York, Chicago, Florida, and Los Angeles, is acknowledged as one of the premier firms in the areas of corporate, securities, and antitrust class litigation. Founded by the late Abraham L. Pomerantz, known as the dean of the class action bar, the Pomerantz Firm pioneered the field of securities class actions. Today, more than 80 years later, the Pomerantz Firm continues in the tradition he established, fighting for the rights of the victims of securities fraud, breaches of fiduciary duty, and corporate misconduct. The Firm has recovered numerous multimillion-dollar damages awards on behalf of class members. See www.pomerantzlaw.com
Robert S. Willoughby
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SOURCE Pomerantz LLP