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 (firstname.lastname@example.org).
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.
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