NEW YORK, Aug. 11, 2017 (GLOBE NEWSWIRE) -- Pomerantz LLP announces that a class action lawsuit has been filed
against Booz Allen Hamilton Holding Corporation (“Booz Allen” or the “Company”) (NYSE:BAH) and certain of its officers. The class
action, filed in United States District Court, Eastern District of Virginia, is on behalf of a class consisting of investors who
purchased or otherwise acquired Booz Allen’s securities, seeking to recover compensable damages caused by defendants’ violations of
the Securities Exchange Act of 1934.
If you are a shareholder who purchased Booz Allen securities between May 19, 2016 and June 15, 2017, both dates
inclusive, you have until August 18, 2017 to ask the Court to appoint you as Lead Plaintiff for the class. A copy of the
Complaint can be obtained at www.pomerantzlaw.com. To discuss this action, contact Robert S. Willoughby at rswilloughby@pomlaw.com or 888.476.6529 (or 888.4-POMLAW), toll free, ext. 9980. Those who
inquire by e-mail are encouraged to include their mailing address, telephone number, and number of shares purchased.
[Click here to join this class action]
Booz Allen is an American management consulting firm. The Company purports to provide management and
technology consulting, engineering, analytics, digital, mission operations, and cyber solutions to governments, corporations, and
not-for-profit organizations in the United States and internationally. At all relevant times, Booz Allen has derived
substantially all of its revenues from services provided to the U.S. government.
The Complaint alleges that throughout the Class Period, Defendants made materially false and misleading
statements regarding the Company’s business, operational and compliance policies. Specifically, Defendants made false and/or
misleading statements and/or failed to disclose that: (i) Booz Allen engaged in improper accounting practices in its
contracts with the U.S. government; (ii) consequently, the Company’s revenues derived from services provided to the U.S. government
were inflated and unsustainable; (iii) discovery of the foregoing conduct would subject the Company to heightened regulatory
scrutiny, potential criminal sanctions, and jeopardize its business relationship with the U.S. government; and (iv) as a result of
the foregoing, Booz Allen’s public statements were materially false and misleading at all relevant times.
On June 15, 2017, post-market, Booz Allen disclosed that on June 7, 2017, the Company’s subsidiary Booz Allen
Hamilton Inc. “was informed that the U.S. Department of Justice is conducting a civil and criminal investigation relating to
certain elements of [its] cost accounting and indirect cost charging practices with the U.S. government.”
On this news, Booz Allen’s share price fell $7.43, or 18.89%, to close at $31.90 on June 16, 2017.
The Pomerantz Firm, with offices in New York, Chicago, Florida, and Los Angeles, 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 80
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
CONTACT: Robert S. Willoughby Pomerantz LLP rswilloughby@pomlaw.com
