NEW YORK, NY / CRWEPRESSRELEASE / August 12, 2015 / Pomerantz LLP is investigating claims on behalf of investors of AECOM (“AECOM” or the “Company”) (NYSE: ACM). Such investors are advised to contact Robert S. Willoughby at firstname.lastname@example.org or 888-476-6529, ext. 9980.
The investigation concerns whether AECOM and certain of its officers and/or directors have violated Sections 10(b) and 20(a) of the Securities Exchange Act of 1934.
On August 12, 2015, AECOM reported that the federal government is investigating three affiliates of the company in connection with their work at federal facilities in Hanford, Washington: (i) URS Energy & Construction, regarding contractual compliance and technical issues in design, development and construction of a waste treatment plant; (ii) Washington River Protection Solutions JV, regarding time keeping of employees and the circumstances surrounding the affiliate’s response to a leak within the tank farms on the Hanford nuclear reservation; and (iii) Washington Closure Hanford JV, regarding contracting procedures.
On this news, shares of AECOM have dropped as much as 2.09, or 6.83%, on intraday trading on August 12, 2015.
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