SHAREHOLDER ALERT: Pomerantz Law Firm Investigates Claims On Behalf of Investors of American Science & Engineering, Inc. – ASEI

NEW YORK, NY / ACCESSWIRE / April 24, 2015 / Pomerantz LLP is investigating claims on behalf of investors of American Science & Engineering, Inc. (“ASEI” or the “Company”) (NASDAQ: ASEI). Such investors are advised to contact Robert S. Willoughby at rswilloughby@pomlaw.com or 888-476-6529, ext. 237.

The investigation concerns whether ASEI and certain of its officers and/or directors have violated Sections 10(b) and 20(a) of the Securities Exchange Act of 1934. 

On April 24, 2015, the Company announced in a Securities and Exchange Commission (“SEC”) filing that “[o]n April 17, 2015, we received a subpoena from the Office of the Inspector General of the U.S. General Services Administration (“GSA”), relating to an investigation by the GSA and the Department of Defense of our compliance with the terms and conditions of our contractual arrangements with the GSA. We intend to cooperate fully in the investigation. We are unable at this time to predict the outcome of the investigation. We will incur legal costs in connection with the investigation, and could incur additional costs, damages or penalties, depending on its outcome. We are unable at this time to estimate the amount of the possible loss or range of loss, if any, that we may incur as a result of the investigation.”

On this news, shares of ASEI fell $4.17 per share, to $45.25, or more than 8.44%, on April 24, 2015.

The Pomerantz Firm, with offices in New York, Chicago, Los Angeles, and Florida, is acknowledged as one of the premier firms in the areas of corporate, securities, and antitrust class litigation. Founded by the late Abraham L. Pomerantz, known as the dean of the class action bar, the Pomerantz Firm pioneered the field of securities class actions. Today, more than 70 years later, the Pomerantz Firm continues in the tradition he established, fighting for the rights of the victims of securities fraud, breaches of fiduciary duty, and corporate misconduct. The Firm has recovered numerous multimillion-dollar damages awards on behalf of class members. See www.pomerantzlaw.com

SOURCE: Pomerantz LLP

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