LOS ANGELES--(BUSINESS WIRE)--Lundin Law PC (the “Firm”) announces a class action lawsuit has been filed against AECOM (“AECOM” or the “Company”) (NYSE: ACM) concerning possible violations of federal securities laws between February 11, 2015 and August 15, 2016 (the “Class Period”). Investors who purchased or otherwise acquired shares during the Class Period should contact the Firm in advance of the October 31, 2016 lead plaintiff motion deadline.
No class has been certified in the above action. Until a class is certified, you are not considered represented by an attorney. You may also choose to do nothing and be an absent class member.
The Complaint alleges that during the Class Period, AECOM made false and/or misleading statements and/or failed to disclose that: the Company engaged in fraudulent and deceptive business practices; that AECOM lacked effective internal controls over financial reporting; that the Company overstated the benefits of its acquisition of URS Corp.; that AECOM overstated its free cash flow per share; and that as a result of the above, AECOM’s public statements were materially false and misleading at all relevant times. On August 16, 2016, Spruce Point Capital Management published a report on AECOM asserting that the Company’s stock is worth 33%-45% less than its current price on the market. When this news was announced, shares of AECOM fell in value, causing investors harm.
Lundin Law PC was founded by Brian Lundin, a securities litigator based in Los Angeles dedicated to upholding shareholders’ rights.
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