ATTENTION AMERICAN SCIENCE SHAREHOLDERS: Shareholder Rights Law Firm Johnson & Weaver, LLP Announces Investigation of American Science & Engineering Inc.

Loading...
Loading...
SAN DIEGO--(BUSINESS WIRE)--

Shareholder Rights Law Firm Johnson & Weaver, LLP is investigating potential violations of the federal securities laws by American Science & Engineering Inc. ASEI and certain of its officers. The investigation will seek to determine if certain officers and directors of the Company breached their fiduciary duties relating to its contractual agreements with the U.S. Government. American Science develops, manufactures, markets, and sells X-ray inspection and other detection products for homeland security, force protection, public safety, and other defense applications in the United States and internationally.

On April 24, 2015, American Science revealed that it had received a subpoena from the U.S. General Services Administration (GSA), relating to an investigation by the GSA and the Department of Defense of the Company's compliance with the terms of its contractual arrangements with the GSA.

American Science receives a significant portion of its revenue from the federal government. On the news, American Science shares fell over 8% in trading on April 24, 2015.

If you have information that could assist in this investigation, or if you are an American Science shareholder and are interested in learning more about the investigation or your legal rights and remedies, please contact Jim Baker (jimb@johnsonandweaver.com) by email or by phone at 619-814-4471. If emailing, please include a phone number where you can be reached.

Johnson & Weaver, LLP is a nationally recognized shareholder rights law firm with offices in California, New York and Georgia. The firm represents individual and institutional investors in shareholder derivative and securities class action lawsuits. For more information about the firm and its attorneys, please visit http://www.johnsonandweaver.com. Attorney advertising. Past results do not guarantee future outcomes.

Johnson & Weaver, LLP
Jim Baker, 619-814-4471
jimb@johnsonandweaver.com

Loading...
Loading...
Market News and Data brought to you by Benzinga APIs
Posted In: Press Releases
Benzinga simplifies the market for smarter investing

Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.

Join Now: Free!

Loading...