An investor, who purchased shares of Aerojet Rocketdyne Holdings, Inc. (NYSE:AJRD), filed a lawsuit in the U.S. District Court for the Central District of California over alleged violations of Federal Securities Laws by Aerojet Rocketdyne Holdings, Inc. in connection with certain allegedly false and misleading statements made between October 15, 2013 and February 1, 2016.
Investors who purchased shares of Aerojet Rocketdyne Holdings, Inc. (NYSE:AJRD) have certain options and for certain investors are short and strict deadlines running. Deadline: April 11, 2016. NYSE:AJRD investors should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 – 1554.
The plaintiff claims that between October 15, 2013 and February 1, 2016 Defendants issued allegedly false and misleading statements to investors and/or failed to disclose that the purchase accounting for contracts acquired as part of the acquisition of the Pratt & Whitney Rocketdyne division from United Technologies Corporation in the quarter ended August 31, 2013 was erroneous, that the accounting for changes or modifications to one of the acquired Rocketdyne Business contracts beginning in the quarter ended February 28, 2014 was erroneous, and that as a result, Defendants’ statements about Aerojet Rocketdyne Holdings’ business, operations, and prospects were materially false and misleading and/or lacked a reasonable basis at all relevant times
On February 1, 2016, Aerojet Rocketdyne Holdings, Inc disclosed that on January 28, 2016, the Audit Committee of the Board of Directors and management of Aerojet Rocketdyne Holdings, Inc., after discussions with the Company’s independent public registered accounting firm, PricewaterhouseCoopers LLP (“PwC”), concluded that the consolidated financial statements as of and for the fiscal years ended November 30, 2013 and 2014, and the consolidated financial statements as of and for the quarter ended August 31, 2013, and the consolidated financial statements as of and for the quarters ended February 28, May 31 and August 31, 2014 and 2015, need to be restated.
Shares of Aerojet Rocketdyne Holdings, Inc. (NYSE:AJRD) closed on February 22, 2016, at $15.98 per share.
Those who purchased shares of Aerojet Rocketdyne Holdings, Inc. (NYSE:AJRD) have certain options and should contact the Shareholders Foundation.
Contact:
Shareholders Foundation, Inc.
Michael Daniels
3111 Camino Del Rio North – Suite 423
92108 San Diego
Phone: +1-(858)-779-1554
Fax: +1-(858)-605-5739
mail@shareholdersfoundation.com
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