Energy News / Shareholders Foundation, Inc.

Lawsuit Filed for Investors Who Sold Booz Allen Hamilton Holding Corporation (NYSE:BAH) Shares in to the Carlyle Group in 2008

Via: ReleaseWire

Updated 11:30 AM CDT, Tue, May 01,2018

A lawsuit was filed on behalf of investors in Booz Allen Hamilton Holding Corporation (NYSE:BAH) shares over alleged securities laws violations. Deadline: JUNE 18, 2018. Investors, who sold or exchanged Booz Allen Hamilton Holding Corporation (NYSE:BAH) securities in connection with the sale of BAH’s Government Division to The Carlyle Group in 2008, should contact the Shareholders Foundation.

San Diego, CA -- (SBWIRE) -- 05/01/2018 -- An investor, who sold or exchanged BAH securities in connection with the sale of Booz Allen Hamilton Holding Corporation (NYSE:BAH)'s Government Division to The Carlyle Group in 2008, filed a lawsuit in the U.S. District Court for the Southern District of New York against Booz Allen Hamilton and certain former BAH executives over alleged violations of Federal Securities Laws.

Those who on sold or exchanged Booz Allen Hamilton Holding Corporation (NYSE:BAH) securities in connection with the sale of BAH's Government Division to The Carlyle Group in 2008. Deadline: JUNE 18, 2018. Investors, who sold or exchanged Booz Allen Hamilton Holding Corporation (NYSE:BAH) securities in connection with the sale of BAH's Government Division to The Carlyle Group in 2008, should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.

According to the complaint the plaintiff alleges on behalf of all those who sold or exchanged BAH securities in connection with the sale of BAH's Government Division to The Carlyle Group in 2008, that the defendants violated Federal Securities Laws.

More specifically, the plaintiff claims that defendants engaged in a fraudulent plan to sell the Government Division to the Carlyle Group at a significant discount.

The plaintiff says that to implement this scheme, Defendants made false and misleading statements to Booz Allen Hamilton Holding Corporation (NYSE:BAH) shareholders about the sales process and the value of the Government Division, many of which were included in an Information Circular distributed to Booz Allen Hamilton Holding Corporation (NYSE:BAH) shareholders on May 22, 2008. Defendants intended to deceive Booz Allen Hamilton Holding Corporation (NYSE:BAH)'s shareholders so that they would vote to tender their stock at $763 per share, far below its actual value.

The sale to the Carlyle Group closed on July 31, 2008. Nearly two years later, on June 21, 2010, the Carlyle Group published a Form S-1 filing in connection with its planned initial public offering ("IPO") of the Government Division, which disclosed new information demonstrating that certain of the statements contained in the Information Circular were false and misleading, that Booz Allen Hamilton Holding Corporation (NYSE:BAH) shareholders received consideration for their shares that Defendants knew was insufficient, and that Defendants personally benefitted from the sale at the expense of Booz Allen Hamilton Holding Corporation (NYSE:BAH)'s shareholders.

Those who on sold or exchanged Booz Allen Hamilton Holding Corporation (NYSE:BAH) securities in connection with the sale of BAH's Government Division to The Carlyle Group in 2008 have certain options and should contact the Shareholders Foundation.

Contact:
Shareholders Foundation, Inc.
Michael Daniels
3111 Camino Del Rio North - Suite 423
92108 San Diego
Phone: +1-(858)-779-1554
Fax: +1-(858)-605-5739
mail@shareholdersfoundation.com

For more information on this press release visit:
http://www.sbwire.com/press-releases/lawsuit-filed-for-investors-who-sold-booz-allen-hamilton-holding-corporation-nysebah-shares-in-to-the-carlyle-group-in-2008-971273.htm

Media Relations Contact
Michael Daniels
858-779-1554
Email: Click to Email Michael Daniels
Web: http://www.ShareholdersFoundation.com