Booz Allen Hamilton Holding Corporation

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Case Summary
Company Name: Booz Allen Hamilton Holding Corporation
Stock Symbol : NYSE: BAH
Class Period Start: 05/19/2016
Class Period End: 06/15/2017
Lead Plaintiff motion: 08/18/2017
Date Filed: 06/19/2017
Type of Case: Securities Class Action
Court: U.S. District Court for the Eastern District of Virginia
Summary:

Thieler Law Corp advises investors with losses exceeding $100,000 of the August 18, 2017 lead plaintiff deadline in a class action lawsuit filed against Booz Allen Hamilton Holding Corporation (NYSE: BAH) (“Booz Allen” or “the Company”). The suit is pending in the U.S. District Court for the Eastern District of Virginia and investors, who purchased Booz Allen Hamilton Holding Corporation securities between May 19, 2016 and June 15, 2017, have until August 18, 2017 to move for lead plaintiff. You do not need to move for lead plaintiff to be a member of the Class.

If you purchased Booz Allen Hamilton Holding Corporation securities during the Class Period, and have losses over $100,000, you may contact Thieler Law Corp by calling at (619) 377 - 4324 or emailing mail@thielerlaw.com . No class has been certified in this case, and if your losses are less than $100,000 you are still a member of the class.

The complaint alleges that during the Class Period defendants made false and misleading statements and/or allegedly failed to disclose that Booz Allen engaged in improper accounting practices in its contracts with the U.S. government; consequently, the Company’s revenues derived from services provided to the U.S. government were inflated and unsustainable; discovery of the foregoing conduct would subject the Company to heightened regulatory scrutiny, potential criminal sanctions, and jeopardize its business relationship with the U.S. government; and as a result of the foregoing, the Company’s public statements were materially false and misleading at all relevant times.

On June 15, 2017, Booz Allen revealed that on June 7, 2017, the Company’s subsidiary Booz Allen Hamilton Inc. “was informed that the U.S. Department of Justice is conducting a civil and criminal investigation relating to certain elements of [its] cost accounting and indirect cost charging practices with the U.S. government.”

On this news, NYSE: BAH dropped $7.43, or 18.89%, to close at $31.90 on June 16, 2017.

If you were negatively impacted by your investment in Booz Allen Hamilton Holding Corporation securities between May 19, 2016 and June 15, 2017 and would like to learn more about this lawsuit and your ability to participate as a lead plaintiff, please contact us for your no-cost evaluation.

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