October 10, 2016 (Shareholders Foundation) - An investigation on behalf of investors of Booz Allen Hamilton Holding Corporation (NYSE:BAH) shares over potential securities laws violations by Booz Allen Hamilton Holding and certain of its directors and officers in connection certain financial statements was announced.

The investigation by a law firm focuses on possible claims on behalf of purchasers of the securities of Booz Allen Hamilton Holding Corporation (NYSE:BAH) concerning whether a series of statements by Booz Allen Hamilton Holding regarding its business, its prospects and its operations were materially false and misleading at the time they were made.

Booz Allen Hamilton Holding Corporation reported that its Total Revenue rose from over $5.27 billion for the 12 months period that ended on March 31, 2015 to over $5.4 billion for the 12 months period that ended on March 31, 2016 and that its Net Income for those respective time periods increased from $232.57 million to $294.09 million.

Shares of Booz Allen Hamilton Holding Corporation (NYSE:BAH) grew from $25.11 per share in May 2015 to as high as $31.94 per share on September 30, 2016.

On October 5, 2016, a criminal complaint against former Booz Allen Hamilton Holding Corporation employee Harold T. Martin III, a private contractor assigned to a U.S. government office, was unsealed. The criminal complaint revealed that Martin was arrested by the Federal Bureau of Investigation ('FBI') on charges of theft of government property and unlawful removal or retention of classified documents. The affidavit supporting the criminal complaint application stated that on August 27, 2016, FBI agents searched Martin's residence and vehicle and located several hard copy documents and terabytes of highly classified government information, including top secret and sensitive compartmented information.

Shares of Booz Allen Hamilton Holding Corporation (NYSE:BAH) declined to $29.57 per share on October 5, 2016.