EQUITY ALERT: Khang & Khang LLP Announces Securities Class Action Lawsuit against Orbital ATK, Inc. and Encourages Investors with Losses to Contact the Firm

IRVINE, CA / ACCESSWIRE / August 30, 2016 / Khang & Khang LLP (the “Firm”) announces a class action lawsuit has been filed against Orbital ATK, Inc. (“Orbital” or the “Company”) (NYSE: OA). Investors who purchased or otherwise acquired shares between June 1, 2015 and August 9, 2016 inclusive (the “Class Period”), are encouraged to contact the Firm prior to the October 11, 2016 lead plaintiff motion deadline.

If you purchased shares of Orbital during the Class Period, please contact Joon M. Khang, Esquire, of Khang & Khang LLP, 18101 Von Karman Avenue, 3rd Floor, Irvine, CA 92612, by telephone: (949) 419-3834, or by e-mail at joon@khanglaw.com.

There has been no class certification in this case yet. Until certification occurs, you are not represented by an attorney. You may choose to take no action and remain a passive class member.

The complaint alleges that during the Class Period, Orbital made materially false and misleading statements, and/or failed to disclose: that Orbital lacked effective control over financial reporting; that the Company failed to record an anticipated loss on a $2.3 billion long-term contract with the U.S. Army after the loss became evident in 2015, as required by generally accepted accounting principles; and that as a result of the above, Orbital’s public statements were materially false and misleading at all relevant times. On August 10, 2016, the Company announced 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. When this information was disclosed to the public, shares of Orbital dropped in value, causing investors harm.

If you wish to learn more about this lawsuit, or if you have any questions regarding this notice or your rights, please contact Joon M. Khang, a prominent litigator for almost two decades, by telephone: (949) 419-3834, or via e-mail at joon@khanglaw.com.

This press release may constitute Attorney Advertising in certain jurisdictions.

Contacts

Joon M. Khang, Esq.
Telephone: 949-419-3834
Facsimile: 949-225-4474
joon@khanglaw.com

SOURCE: Khang & Khang LLP

ReleaseID: 444534