Market Overview

BOOZ ALLEN INVESTIGATION INITIATED by Former Louisiana Attorney General: Kahn Swick & Foti, LLC Investigates the Officers and Directors of Booz Allen Hamilton Holding Corporation – (BAH)

Share:

Former Attorney General of Louisiana, Charles C. Foti, Jr., Esq., a
partner at the law firm of Kahn Swick & Foti, LLC ("KSF"), announces
that KSF has commenced an investigation into Booz Allen Hamilton Holding
Corporation (NYSE:BAH).

For several years, Booz Allen, among the nation's largest defense
contractors, has been the subject of investigations and adverse audits
by several government agencies regarding its improper billing of
governmental contract work, resulting in millions of dollars in fines
and settlements. On June 15, 2017, the Company revealed that it was the
target of "a civil and criminal investigation" by the U.S. Dept. of
Justice relating to its billing practices that, as CEO Rozanski
disclosed in a subsequent analyst call, would more likely take "years
than months" to resolve. The Company has also been connected to high
profile leaks of sensitive government data, most notably by former
contractors Edward Snowden and Harold Martin, and recently the June 2017
discovery that sensitive data, including login credentials, was stored
unprotected and visible on a public server by a company contractor.

The Company has been exposed to significant financial losses as well as
a recent securities class action lawsuit for failing to disclose
material information to investors, violating federal securities laws,
which is ongoing.

KSF's investigation is focusing on whether Booz Allen's officers and/or
directors breached their fiduciary duties to its shareholders or
otherwise violated state or federal laws.

If you have information that would assist KSF in its investigation, or
have been a long-term holder of Booz Allen shares and would like to
discuss your legal rights, you may, without obligation or cost to you,
call toll-free at 1-877-515-1850 or email KSF Managing Partner Lewis
Kahn (lewis.kahn@ksfcounsel.com).

About Kahn Swick & Foti, LLC

KSF, whose partners include Former Louisiana Attorney General Charles C.
Foti, Jr., is a law firm focused on securities, antitrust and consumer
class actions, along with merger & acquisition and breach of fiduciary
litigation against publicly traded companies on behalf of shareholders.
The firm has offices in New York, California and Louisiana.

To learn more about KSF, you may visit www.ksfcounsel.com.

View Comments and Join the Discussion!
 

Partner Center