The Schall Law Firm, a national shareholder rights litigation firm, announces that it is investigating claims on behalf of investors of Northrop Grumman Corporation (“Northrop Grumman” or “the Company”) (NYSE: NOC) for violations of the securities laws.
The investigation focuses on whether the Company issued false and/or misleading statements and/or failed to disclose information pertinent to investors. Northrop Grumman released its fourth quarter full-year 2022 financial results on January 26, 2023. The Company admitted at this time that it had received a DOJ subpoena on December 9, 2022, “seeking information regarding financial and cost accounting and controls that appears focused on the interest rate the company used to determine [its cost accounting standards] pension expense.” Based on this news, shares of Northrop Grumman fell by 4.3% on the same day.
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The class in this case has not yet been certified, and until certification occurs, you are not represented by an attorney. If you choose to take no action, you can remain an absent class member.
The Schall Law Firm represents investors around the world and specializes in securities class action lawsuits and shareholder rights litigation.
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The Schall Law Firm
Brian Schall, Esq.