Orbital ATK Inc
0 DAYS LEFT TO SEEK LEAD PLAINTIFF STATUS
Case Summary | |
Company Name: | Orbital ATK Inc |
Stock Symbol : | NYSE:OA |
Class Period Start: | 06/01/2015 |
Class Period End: | 08/09/2016 |
Lead Plaintiff motion: | 10/11/2016 |
Date Filed: | 08/12/2016 |
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 October 11, 2016 lead plaintiff deadline in a class action lawsuit filed against Orbital ATK Inc (NYSE:OA) (“Orbital” or “the Company”). The suit is pending in the U.S. District Court for the Eastern District of Virginia and investors, who purchased Orbital ATK Inc securities between June 1, 2015 and August 9, 2016, have until October 11, 2016 to move for lead plaintiff. You do not need to move for lead plaintiff to be a member of the Class. If you purchased Orbital ATK Inc 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 Orbital lacked effective control over financial reporting; as a result, the Company failed to record an anticipated loss on the Contract after the loss became evident in 2015, as required by generally accepted accounting principles; and as a result of the above, Orbital's public statements were materially false and misleading at all relevant times. On August 10, 2016, Orbital revealed that it would miss its SEC Form 10-Q filing deadline for the most recent quarter and that several previous financial statements are no longer reliable due to misstatements relating to the above-mentioned contract with the U.S. army. Following this news, NYSE:OA dropped 20.25% on August 10, 2016. If you were negatively impacted by your investment in Orbital ATK Inc securities between June 1, 2015 and August 9, 2016 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. Thieler Law Corp purchases advertisements on search engines, social media sites and other websites. If you send us information, note that does not create an attorney-client relationship with the firm. Thieler Law Corp 2534 State Street - Suite 406, San Diego, CA 92101 by email: mail@thielerlaw.com or telephone at +1 (619) 377 - 4324 or visit our website http://www.thielerlaw.com/ or Facsimile: +1 (619) 785 – 3185 |