Levi & Korsinsky announces the filing of a class action lawsuit in the USDC for the Central District of California on behalf of shareholders of Aerojet Rocketdyne Holdings, Inc. (NYSE: AJRD) who purchased shares between October 15, 2013 and February 1, 2016.
The complaint alleges that throughout the Class Period Defendants issued false and misleading statements to investors and/or failed to disclose that: (1) the purchase accounting for contracts acquired as part of the acquisition of the Pratt & Whitney Rocketdyne division from United Technologies Corporation in the quarter ended August 31, 2013 was erroneous; (2) the accounting for changes or modifications to one of the acquired Rocketdyne Business contracts beginning in the quarter ended February 28, 2014 was erroneous; and (3) as a result, Defendants’ statements about Aerojet’s business, operations, and prospects were materially false and misleading and/or lacked a reasonable basis at all relevant times. If you suffered a loss in Aerojet you have until April 11, 2016 to request that the Court appoint you as lead plaintiff. Your ability to share in any recovery doesn’t require that you serve as a lead plaintiff.
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