Booz Allen Hamilton Holding Corporation (NYSE:BAH) Investor Seller Securities Class Action Lawsuit 04/18/2018

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, Inc.

To have your information reviewed for options and to recieve notifications about this case, please use this form. You may also send an email to mail@shareholdersfoundation.com, or call us at (858) 779-1554.
Company Name(s): 
Booz Allen Hamilton Holding
Case Name: 
Booz Allen Hamilton Holding Shareholder Seller Class Action Lawsuit 04/18/2018
Case Status: 
Lawsuit Filed
Affected Securities
NYSE: BAH
Lawsuit Overview
Type of Lawsuit: 
Shareholder Class Action
Date Filed: 
04/18/2018
Court of Filing: 
U. S. District Court for the Southern District of New York
Deadline To File for Lead: 
06/18/2018
Summary: 

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.

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.