Teamsters' Fund Seeks Leading Role In Booz Allen Stock Suit

By Chuck Stanley (August 21, 2017, 7:34 PM EDT) -- A union fund for New York City sanitation workers asked a Virginia federal judge Friday to name it the lead plaintiff in a proposed class action accusing Booz Allen Hamilton of hiding civil and criminal investigations from stockholders and to appoint Cohen Milstein Sellers & Toll PLLC as lead counsel.

The Uniformed Sanitationmen's Association Local 831 Compensation Accrual Fund's $67,300 in losses on Booz Allen Hamilton stocks that tumbled in value following news of a federal criminal investigation into its accounting practices are greater than those of any other known putative class member, and it has already named "highly qualified and...

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