NEW YORK, NY / ACCESSWIRE / February 1, 2016 / Pomerantz LLP is investigating claims on behalf of investors of Aerojet Rocketdyne Holdings, Inc. ("Aerojet" or the "Company") (NYSE: AJRD). Such investors are advised to contact Robert S. Willoughby at firstname.lastname@example.org or 888-476-6529, ext. 9980.
The investigation concerns whether Aerojet and certain of its officers and/or directors have violated Sections 10(b) and 20(a) of the Securities Exchange Act of 1934.
On February 1, 2016, pre-market, Aerojet Rocketdyne announced that the company, after discussions with its auditor, it had concluded that Aerojet Rocketdyne's consolidated financial statements for fiscal years 2013 and 2014, for the quarter ended August 31, 2013, and for the quarters ended February 28, May 31, and August 31, 2014 and 2015, need to be restated and should no longer be relied upon. Aerojet Rocketdyne announced that it anticipates the impact of adjustments may widen the company's fiscal year 2013 pretax loss from continuing operations by $9.5 million to $11.5 million, decrease its fiscal year 2014 pretax loss from continuing operations by $5 million to $7.25 million, and decrease the company's pretax loss from continuing operations for the nine months ended August 31, 2015 by $0.25 million to $1.0 million.
The Pomerantz Firm, with offices in New York, Chicago, Los Angeles, and Florida, 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 70 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.
SOURCE: Pomerantz LLP