May 20, 2016 - The case was voluntarily dismissed.

February 11, 2016 (Shareholders Foundation) - An investor in shares of Aerojet Rocketdyne Holdings, Inc. (NYSE:AJRD) filed a lawsuit in the U.S. District Court for the Central District of California over alleged violations of Federal Securities Laws by Aerojet Rocketdyne Holdings, Inc. in connection with certain allegedly false and misleading statements made between October 15, 2013 and February 1, 2016.

According to the complaint the plaintiff alleges on behalf of purchasers of Aerojet Rocketdyne Holdings, Inc. (NYSE:AJRD) common shares between October 15, 2013 and February 1, 2016, that the defendants violated Federal Securities Laws.

More specifically, the plaintiff claims that between October 15, 2013 and February 1, 2016 Defendants issued allegedly false and misleading statements to investors and/or failed to disclose that the purchase accounting for contracts acquired as part of the acquisition of the Pratt & Whitney Rocketdyne division from United Technologies Corporation in the quarter ended August 31, 2013 was erroneous, that the accounting for changes or modifications to one of the acquired Rocketdyne Business contracts beginning in the quarter ended February 28, 2014 was erroneous, and that as a result, Defendants’ statements about Aerojet Rocketdyne Holdings’ business, operations, and prospects were materially false and misleading and/or lacked a reasonable basis at all relevant times Aerojet Rocketdyne Holdings, Inc. reported that its Total Revenue rose from over $1.38 billion for the 12 months period that ended on November 30, 2013 to over $1.59 billion for the 12 months period that ended on November 30, 2014 while its Net Income of $167.70 million for the 12 months period that ended on November 30, 2013 declined to a Net Loss of $53.00 million for the 12 months period that ended on November 30, 2014.

On February 1, 2016, Aerojet Rocketdyne Holdings, Inc disclosed that on January 28, 2016, the Audit Committee of the Board of Directors and management of Aerojet Rocketdyne Holdings, Inc., after discussions with the Company’s independent public registered accounting firm, PricewaterhouseCoopers LLP (“PwC”), concluded that the consolidated financial statements as of and for the fiscal years ended November 30, 2013 and 2014, and the consolidated financial statements as of and for the quarter ended August 31, 2013, and the consolidated financial statements as of and for the quarters ended February 28, May 31 and August 31, 2014 and 2015, need to be restated. Shares of Aerojet Rocketdyne Holdings, Inc. (NYSE:AJRD) closed on February 11, 2016, at $15.13 per share.