TAKE A LOOK AT WHICH REPORT YOUR PORTFOLIO'S BEEN MISSING...

Shareholders Foundation offers real-time reporting of class action exposure on a per transaction basis,
including the documents you will need for claim filing and settlement recovery.
Start Monitoring Your Investments

Booz Allen Hamilton Holding Corporation (NYSE: BAH) Investor Securities Class Action Lawsuit 06/20/2017

  • If you purchased shares of Booz Allen Hamilton Holding Corporation (NYSE: BAH), you may have certain options. Please contact the Shareholders Foundation, Inc.

  • To have your information reviewed for options and to receive notifications about this case, please send an email to mail@shareholdersfoundation.com, or call us at (858) 779-1554.

Lawsuit Overview

Case Dismissed
Company
Booz Allen Hamilton Holding Corporation
Security
NYSE: BAH

Case Name
Booz Allen Hamilton Holding Shareholder Class Action Lawsuit 06/20/2017
Type of Lawsuit
Shareholder Class Action
Court of Filing
U.S. District Court for the Eastern District of Virginia

Class Period Begin
Class Period End
Deadline To File for Lead
You must register or login to receive notifications.

Click here to subscribe to Booz Allen Hamilton Holding Corporation.
Summary

February 8, 2018 - The court granted defendants' motion to dismiss.

November 17, 2017 - A motion to dismiss the amended complaint was filed.

October 20, 2017 - An amended complaint was filed.

June 20, 2017 - An investor in shares of Booz Allen Hamilton Holding Corporation (NYSE: BAH) filed a lawsuit in the U.S. District Court for the Eastern District of Virginia over alleged violations of Federal Securities Laws by Booz Allen Hamilton Holding Corporation in connection with certain allegedly false and misleading statements made between May 19, 2016 and June 15, 2017.

According to the complaint the plaintiff alleges on behalf of purchasers of Booz Allen Hamilton Holding Corporation (NYSE: BAH) common shares between May 19, 2016 and June 15, 2017, that the defendants violated Federal Securities Laws. More specifically, the plaintiff claims that between May 19, 2016 and June 15, 2017, the defendants made false and/or misleading statements and/or failed to disclose that Booz Allen Hamilton Holding Corporation engaged in improper accounting practices in its contracts with the U.S. government, that consequently, the Company’s revenues derived from services provided to the U.S. government were inflated and unsustainable, that 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 that as a result of the foregoing, Booz Allen Hamilton Holding Corporation’s public statements were materially false and misleading at all relevant times.

Booz Allen Hamilton Holding Corporation reported that its Total Revenue rose from over $5.4 billion for the 12 months period that ended on March 31, 2016 to over $5.8 billion for the 12 months period that ended on March 31, 2017 and that its Net Income for those respective time periods declined from $294.09 million to $252.49 million.

On June 15, 2017, Booz Allen Hamilton Holding Corporation disclosed that on June 7, 2017, Booz Allen Hamilton Inc., a wholly owned subsidiary of Booz Allen Hamilton Holding Corporation, was informed that the U.S. Department of Justice is conducting a civil and criminal investigation relating to certain elements of the Company’s cost accounting and indirect cost charging practices with the U.S. government.