NEW YORK, Sept. 22, 2016 (GLOBE NEWSWIRE) -- Faruqi & Faruqi, LLP, a leading national securities law firm, reminds investors in
AECOM (the “Company”) (NYSE:ACM) of the October 31, 2016 deadline to seek the role of lead plaintiff in a federal securities class
action lawsuit filed against the Company and certain officers.
The lawsuit has been filed in the U.S. District Court for the Central District of California on behalf of all those who
purchased AECOM common stock or options between February 11, 2015 and August 15, 2016 (the “Class Period”). The case,
William Graves v. AECOM et al, No. 2:16-cv-06605 was filed on September 1, 2016, and has been assigned to Judge Karen L.
Stevenson.
The lawsuit focuses on whether the Company and its executives violated federal securities laws by overstating the benefits of
the Company’s acquisition of URS Corp., as well as by misinterpreting the Company’s free cash flow per share.
Specifically, on August 16, 2016, Spruce Point Capital Management published a report on AECOM stating “that AECOM’s stock is
worth approximately 33% - 45% less than its current price.” The report cited AECOM management’s “misaligned incentive structure,”
pursuant to which the Company’s “CEO’s $18 million compensation in 2015 [was] heavily tied to its aggressive interpretation of its
Free Cash Flow per share,” and asserted that the Company had misrepresented the costs and benefits of the URS Acquisition.
After the announcement, AECOM’s share price fell from $35.09 per share on August 15, 2016 to a closing price of $33.44 on August
16, 2016 —a $1.65 or a 4.70% drop.
Request more information now by clicking here: www.faruqilaw.com/ACM. There is no cost or
obligation to you.
Take Action
If you invested in AECOM common stock or options between February 11, 2015 and August 15, 2016 and would like to discuss your
legal rights, visit www.faruqilaw.com/ACM. You can also contact us by
calling Richard Gonnello toll free at 877-247-4292 or at 212-983-9330 or by sending an e-mail to rgonnello@faruqilaw.com. Faruqi & Faruqi,
LLP also encourages anyone with information regarding AECOM’s conduct to contact the firm, including whistleblowers, former
employees, shareholders and others.
The court-appointed lead plaintiff is the investor with the largest financial interest in the relief sought by the class that is
adequate and typical of class members who directs and oversees the litigation on behalf of the putative class. Any member of the
putative class may move the Court to serve as lead plaintiff through counsel of their choice, or may choose to do nothing and
remain an absent class member. Your ability to share in any recovery is not affected by the decision of whether or not to serve as
a lead plaintiff.
Attorney Advertising. The law firm responsible for this advertisement is Faruqi & Faruqi, LLP (www.faruqilaw.com). Prior results do not guarantee or
predict a similar outcome with respect to any future matter. We welcome the opportunity to discuss your particular case. All
communications will be treated in a confidential manner.
FARUQI & FARUQI, LLP 685 Third Avenue, 26th Floor New York, NY 10017 Attn: Richard Gonnello, Esq. rgonnello@faruqilaw.com Telephone: (877) 247-4292 or (212) 983-9330
