EQUITY ALERT: Lundin Law PC Announces Securities Class Action Lawsuit against Orbital ATK, Inc. and Encourages Investors with Losses to Contact the Firm

LOS ANGELES, CA / ACCESSWIRE / August 29, 2016 / Lundin Law PC (the “Firm”) announces a class action lawsuit has been filed against Orbital ATK, Inc. (“Orbital” or the “Company”) (NYSE: OA) concerning possible violations of federal securities laws between June 1, 2015 and August 9, 2016 (the “Class Period”). Investors who purchased or otherwise acquired shares during the Class Period should contact the Firm in advance of the October 11, 2016 lead plaintiff motion deadline.

To participate in this class action lawsuit, click here. You can also call Brian Lundin, Esquire, of Lundin Law PC, at 888-713-1033, or e-mail him at brian@lundinlawpc.com.

No class has been certified in the above action. Until a class is certified, you are not considered represented by an attorney. You may also choose to do nothing and be an absent 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 news was disclosed to the public, shares of Orbital decreased in value, causing investors harm.

Lundin Law PC was founded by Brian Lundin, a securities litigator based in Los Angeles dedicated to upholding shareholders’ rights.

This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules.

Contact:

Lundin Law PC
Brian Lundin, Esq.
Telephone: 888-713-1033
Facsimile: 888-713-1125
brian@lundinlawpc.com
http://lundinlawpc.com/

SOURCE: Lundin Law PC

ReleaseID: 444498