LOS ANGELES--(BUSINESS WIRE)--Glancy Prongay & Murray LLP (“GPM”) is investigating potential claims on behalf of investors of Aerojet Rocketdyne Holdings, Inc. (“Aerojet Rocketdyne” or the “Company”) (NYSE: AJRD) concerning the Company and its officers’ possible violations of federal securities laws.
On February 1, 2016, after the close of trading, the Company disclosed that all quarterly and annual financial statements from the quarter ended August 31, 2013, through the quarter ended August 31, 2015, need to be restated due to improper “purchase accounting associated with contracts acquired as part of the acquisition of the Pratt & Whitney Rocketdyne division . . . from United Technologies Corporation in the quarter ended August 31, 2013 and the accounting for changes or modifications to one of the acquired Rocketdyne Business contracts beginning in the quarter ended February 28, 2014.”
On this news, the Company’s shares fell during after-hours trading on February 1, 2016, thereby injuring investors.
If you purchased Aerojet Rocketdyne securities, have information or would like to learn more about these claims, or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Lesley Portnoy, Esquire, of GPM, 1925 Century Park East, Suite 2100, Los Angeles, California 90067 at 310-201-9150, Toll-Free at 888-773-9224, by email to firstname.lastname@example.org, or visit our website at http://www.glancylaw.com. If you inquire by email please include your mailing address, telephone number and number of shares purchased.
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