The Law Office of Jeffrey M. Haber Announces the Pendency of a Securities Class Action Lawsuit Against AECOM and Encourages Investors with Losses Exceeding $100,000 to Contact The Firm Before October 31, 2016
- Posted on: Sep 16 2016
New York, N.Y. – September 16, 2016 – The Law Office of Jeffrey M. Haber (the “Firm”) announces that a class action lawsuit has been commenced in the United States District Court for the Central District of California on behalf of purchasers of AECOM (NYSE: ACM) (“AECOM” or the “Company”) securities (the “Class”) during the period February 11, 2015 and August 15, 2016, inclusive (the “Class Period”). Investors who wish to become proactively involved in the litigation have until October 31, 2016 to seek appointment as lead plaintiff.
If you wish to choose counsel to represent you and the Class, you must apply to be appointed lead plaintiff and be selected by the Court. The lead plaintiff will direct the litigation and participate in all important decisions, including whether to accept a settlement for the Class in the action. The lead plaintiff will be selected from among applicants claiming the largest loss from investment in AECOM securities during the Class Period. Members of the Class will be represented by the lead plaintiff and counsel chosen by the lead plaintiff. No class has yet been certified in the action.
The complaint alleges that during the Class Period, AECOM made materially false and/or misleading statements and/or failed to disclose, among other things, that: the Company engaged in fraudulent and deceptive business practices; AECOM lacked effective internal controls over financial reporting; the Company overstated the benefits of its acquisition of URS Corp.; and AECOM overstated its free cash flow per share. 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 market price. When this information was announced, the price of the Company’s stock fell causing investors harm.
If you have suffered a loss in excess of $100,000 from your investment in AECOM securities during the Class Period and would like to learn more about this lawsuit and your ability to participate as a lead plaintiff, without cost or obligation to you, contact Jeffrey M. Haber, Esq. at (212) 209-1005, or firstname.lastname@example.org.
The Firm also encourages anyone, including former employees, shareholders and others, with non-public information regarding the Company’s Class Period conduct to contact the Firm about helping in the investigation or taking advantage of the SEC Whistleblower Program. Under the SEC Whistleblower program, whistleblowers who provide original information may receive an award of up to 30% of any successful recovery made by the SEC.
About the Firm:
The Law Office of Jeffrey M. Haber is dedicated to representing corporations, small businesses, partnerships and individuals involved in a broad range of complex business and commercial litigation matters and violations of the securities laws. Mr. Haber combines the sophistication and counsel of a large national law firm with the economy, flexibility, commitment and personal attention of a small firm.