NEW YORK, June 26, 2017 /PRNewswire/ -- WeissLaw LLP, a national class action and shareholders' rights law firm with offices in New York and Los Angeles, announces an investigation of Booz Allen Hamilton Holding Corporation (NYSE: BAH) ("BAH," or the "Company"), its Board of Directors, and certain Company officers for, among other things, possible breaches of fiduciary duty and violations of federal securities laws.
On June 15, 2017, the Company announced that its subsidiary, Booz Allen Hamilton Inc. ("BAH Inc."), was the subject of a civil and criminal investigation by the United States Department of Justice in connection with elements of BAH Inc's cost accounting and indirect cost charging practices. On June 16, 2017, the day following that announcement, BAH shares nose-dived $7.43, or 18.89%, to close at $31.90, the Company's lowest closing price in six months. Additionally, BAH shares continue to trade well below the Company's June 15 closing price of $39.33.
WeissLaw is investigating whether BAH's Board (1) failed to meet the recordkeeping requirements and accounting provisions established by federal securities laws; (2) failed to establish and/or maintain comprehensive internal controls to safeguard against financial reporting errors; and consequently, (3) reported improper revenues from services. If you wish to discuss this investigation or have any questions concerning this notice or your rights or interests, please contact Joshua Rubin of WeissLaw LLP at (888)593-4771, or by e-mail at firstname.lastname@example.org.
WeissLaw LLP has litigated hundreds of stockholder class and derivative actions for violations of corporate and fiduciary duties. We have recovered over a billion dollars for defrauded clients. For more information about the firm, please go to: http://www.weisslawllp.com/booz-allen-hamilton-holding-corporation/
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SOURCE WeissLaw LLP