June 07, 2019
Counsel for investors in Orbital ATK Inc. will receive 28%, about $30.2 million, of a $108 million settlement that resolved allegations Orbital misled the public about substantial losses it took on an Army ammunition deal, a Virginia federal judge ruled Friday.
January 31, 2019
Investors told a Virginia federal judge Wednesday that Orbital ATK Inc. has agreed to pay $108 million in cash to settle a proposed securities class action accusing the defense contractor of misleading the public about substantial losses it took on a $2.3 billion U.S. Army ammunition deal.
July 23, 2018
Orbital ATK Inc. hit back at a bid for class certification from investors who accuse the defense contractor of misleading them over losses on a $2.3 billion U.S. Army ammunition deal, telling a Virginia federal court Friday that the investors haven't shown a drop in the company's stock price directly stemmed from the alleged misrepresentations.
July 17, 2018
Defense contractor Orbital ATK Inc. urged a Virginia federal court to set aside a magistrate judge’s order forcing the company to give a proposed class of investors documents related to an internal investigation, insisting the documents are protected.
May 07, 2018
A federal judge in Virginia told defense contractor Orbital ATK Inc. to hand over witness interview reports compiled during an internal investigation into financial misstatements made about a $400 million loss on a U.S. Army contract, saying that investors suing the company may review the documents after they've been redacted.
May 03, 2018
Orbital ATK Inc. told a Virginia federal court Wednesday that a pension fund's recent bid to compel the defense contractor to turn over documents related to an internal investigation into financial misstatements about a U.S. Army contract defies "hornbook law, the factual record and common sense."
April 30, 2018
A pension fund urged a Virginia federal court on Friday to compel Orbital ATK Inc. to turn over documents related to its internal investigation into financial misstatements made about a contract with the U.S. Army, saying Orbital's privilege claims in discovery have been overly broad.
April 20, 2018
A Virginia magistrate judge has given Orbital ATK Inc. until May 1 to produce all of the documents that shareholders accused the company of withholding during discovery for their suit claiming they were misled by Orbital about losses incurred on a $2.3 billion U.S. Army ammunition deal.
April 16, 2018
Orbital ATK investors asked a Virginia federal court Friday to order the company to furnish more information in litigation accusing it of misleading shareholders about its losses on a $2.3 billion U.S. Army ammunition deal, blasting the contractor for refusing to provide documents created after an arbitrary cutoff date.
September 27, 2017
A Virginia federal judge on Tuesday lopped off the fraud-related claims from a proposed class action accusing defense company Orbital ATK Inc. of making false and misleading statements about a $2.3 billion U.S. Army ammunition contract, finding that the investors behind the suit hadn't shown an intent to deceive.