NEW YORK, Aug. 16, 2016 /PRNewswire/ -- Attorney Advertising -- Bronstein, Gewirtz & Grossman, LLC is investigating potential claims on behalf of purchasers of the securities of AECOM ("AECOM" or the "Company") ( NYSE: ACM). Such investors are advised to contact Peretz Bronstein or his investor relations analyst, Yael Hurwitz at [email protected] or 212-697-6484.
The investigation concerns whether AECOM and certain of its officers and/or directors have violated Sections 10(b) and 20(a) of the Securities Exchange Act of 1934.
On August 16, 2016, Spruce Point Capital Management released an article about AECOM and wrote, "after a careful forensic financial and accounting analysis of AECOM's recent financial results and condition, we believe that AECOM's stock is worth approximately 33% - 45% less than its current price." The Spruce Point Report also noted that there is "material weaknesses of internal controls over financial reporting associated with [the Company's] acquisition of URS [Corp.]" and AECOM management's "misaligned incentive structure," pursuant to which the Company's "CEO's $18 million compensation in 2015 [was] heavily tied to its aggressive interpretation of its Free Cash Flow per share." Following this news, AECOM stock has dropped as much as $1.73, or 4.93%, to $33.36 during intraday trading on August 16, 2016.
If you purchased AECOM 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/acm. 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 protected]. 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
Peretz Bronstein or Yael Hurwitz
212-697-6484 | [email protected]
SOURCE Bronstein, Gewirtz & Grossman, LLC