Investigation of a Potential Class Action Concerning Booz Allen Hamilton Holding Corporation (BAH)
Kessler Topaz Meltzer & Check, LLP is investigating a potential shareholder action on behalf of purchasers of Booz Allen Hamilton Holding Corporation (NYSE: BAH) (“Booz Allen”) securities between November 11, 2016, and June 16, 2017.
About Booz Allen
Booz Allen provides management and technology consulting, engineering, analytics, digital, mission operations, and cyber solutions to governments, corporations, and not-for-profit organizations in the United States and internationally. The company offers consulting solutions for various domains, business strategies, human capital, and operations.
Alleged Wrongful Conduct
On June 15, 2017, Booz Allen disclosed 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.” Following this news, shares of the Company’s stock declined $7.43 per share, or 18.9%, to close on June 16, 2017, at $31.90 per share, on heavy trading volume.
If you purchased shares of Booz Allen Hamilton Holding Corporation (NYSE: BAH) between November 11, 2016, and June 16, 2017, and would like to learn more about our investigation, please complete our online form or contact us at 888-299-7706 or by email at firstname.lastname@example.org.