BOSTON, April 27, 2015 /PRNewswire/ -- Block & Leviton LLP (www.blockesq.com), a Boston-based law firm representing investors nationwide, is investigating possible securities law violations by American Science & Engineering, Inc. ("American Science" or the "Company") (NASDAQ: ASEI), a manufacturer of x-ray equipment and related technologies. The investigation concerns whether American Science and certain of its officers and/or directors have violated Sections 10(b) and 20(a) of the Securities Exchange Act of 1934 and/or breached their fiduciary duties to American Science's shareholders.
On April 24, 2015, American Science announced in a Form 8-K filed with the SEC that, "[o]n April 17, 2015, we received a subpoena from the Office of the Inspector General of the U.S. General Services Administration ("GSA"), relating to an investigation by the GSA and the Department of Defense of our compliance with the terms and conditions of our contractual arrangements with the GSA."
On this news, shares of American Science fell $4.17, or 8.44%, to close at $45.25 on April 24, 2015. Since that time, American Science shares have continued to fall.
Block & Leviton's investigation seeks to determine, among other things, whether American Science or its officers and directors have violated the federal securities laws and/or breached their fiduciary duties to their investors. If you have any information relevant to this investigation, or if you have purchased American Science securities and have questions about your legal rights, please contact attorney Mark A. Delaney of Block & Leviton LLP at (617) 398-5600 or email him at [email protected].
Confidentiality to whistleblowers or others with information relevant to the investigation is assured.
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Contact: BLOCK & LEVITON LLP
Mark A. Delaney
SOURCE Block & Leviton LLP