SHAREHOLDER ALERT: Bronstein, Gewirtz & Grossman, LLC Notifies Investors of Class Action Against Aerojet Rocketdyne Holdings, Inc. (AJRD) and Lead Plaintiff Deadline: April 11, 2016

NEW YORK, March 10, 2016 /PRNewswire/ -- Attorney Advertising -- Bronstein, Gewirtz & Grossman, LLC, notifies investors of class action against Aerojet Rocketdyne Holdings, Inc. ("Aerojet Rocketdyne" or the "Company") (NYSE: AJRD). The class action has been filed in the United States District Court, Central District of California on behalf of a class consisting of all persons or entities who purchased Aerojet securities between October 15, 2013 and February 1, 2016, inclusive (the "Class Period").

This class action seeks to recover damages against Defendants for alleged violations of the federal securities laws under the Securities Exchange Act of 1934 (the "Exchange Act").  

Aerojet, headquartered in Sacramento, California, is an American rocket and missile propulsion manufacturer that designs, develops, manufactures, and sells aerospace and defense products and systems in the United States. The company operates in two segments, Aerospace and Defense, and Real Estate.

The Complaint alleges that throughout the Class Period, Defendants issued false and misleading statements to investors and/or failed to disclose that: (1) the contracts relating to the acquisition of Pratt & Whitney Rocketdyne division from United Technologies Corporation in the quarter ended August 31, 2013 contained inaccuracies; (2) the accounting for changes or modifications to one of the acquired Rocketdyne Business contracts beginning in the quarter ended February 28, 2014 was inaccurate; and (3) as a result, Defendants' statements about Aerojet's business, operations, and prospects were materially false and misleading and/or lacked a reasonable basis at all relevant times. When this information was released to the public, investors suffered damages.

A class action lawsuit has already been filed. If you wish to review a copy of the Complaint and join the action, visit the firm's website: http://www.bgandg.com/#!arjd/qp2uh. To discuss this action, or have any questions, please contact Peretz Bronstein, Esq. or his Investor Relations Analyst, Yael Hurwitz of Bronstein, Gewirtz & Grossman, LLC at 212-697-6484 or via email [email protected]. Those who inquire by e-mail are encouraged to include their mailing address and telephone number.  If you suffered a loss in Aerojet you have until April 11, 2016 to request that the Court appoint you as lead plaintiff.    Your ability to share in any recovery doesn't require that you serve as a lead plaintiff.

Bronstein, Gewirtz & Grossman, LLC is a corporate litigation boutique.  Our primary expertise is the aggressive pursuit of litigation claims on behalf of our clients.  In addition to representing institutions and other investor plaintiffs in class action security litigation, the firm's expertise includes general corporate and commercial litigation, as well as securities arbitration.   Attorney advertising. Prior results do not guarantee similar outcomes.

Contact:
Bronstein, Gewirtz & Grossman, LLC
Peretz Bronstein or Yael Hurwitz
212-697-6484 | [email protected]

SOURCE Bronstein, Gewirtz & Grossman, LLC

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