Rosen Law Firm Encourages Huntington Ingalls Industries, Inc. Investors with Losses in Excess of $100K to Inquire About Securities Class Action Investigation – HII

NEW YORK--(BUSINESS WIRE)--Why: Rosen Law Firm, a global investor rights law firm, announces an investigation of potential securities claims on behalf of shareholders of Huntington Ingalls Industries, Inc. (NYSE: HII) resulting from allegations that Huntington Ingalls may have issued materially misleading business information to the investing public.

So What: If you purchased Huntington Ingalls securities you may be entitled to compensation without payment of any out of pocket fees or costs through a contingency fee arrangement. The Rosen Law Firm is preparing a class action seeking recovery of investor losses.

What to do next: To join the prospective class action, go to https://rosenlegal.com/submit-form/?case_id=34279 or call Phillip Kim, Esq. toll-free at 866-767-3653 or email [e-mail] for information on the class action.

What is this about: On October 31, 2024, Huntington Ingalls released its third quarter 2024 financial results. In this announcement, Huntington Ingalls’ CEO stated in part that “our assumptions of performance improvement and risk reduction have not been achieved, due to late critical material deliveries from the supply chain and reduced experiences levels within our teams, both in production touch labor and supervision. This leads to labor inefficiency, and in some cases to rework, which can affect program schedules.”

On this news, Huntington Ingalls’ stock price fell 26.1% on October 31, 2024.

Why Rosen Law: We encourage investors to select qualified counsel with a track record of success in leadership roles. Often, firms issuing notices do not have comparable experience, resources, or any meaningful peer recognition. Many of these firms do not actually litigate securities class actions. Be wise in selecting counsel. The Rosen Law Firm represents investors throughout the globe, concentrating its practice in securities class actions and shareholder derivative litigation. Rosen Law Firm achieved the largest ever securities class action settlement against a Chinese Company at the time. Rosen Law Firm was Ranked No. 1 by ISS Securities Class Action Services for number of securities class action settlements in 2017. The firm has been ranked in the top 4 each year since 2013 and has recovered hundreds of millions of dollars for investors. In 2019 alone the firm secured over $438 million for investors. In 2020, founding partner Laurence Rosen was named by law360 as a Titan of Plaintiffs’ Bar. Many of the firm’s attorneys have been recognized by Lawdragon and Super Lawyers.

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