Investors can contact the law firm at no cost to learn more about recovering their losses
LOS ANGELES, Feb. 14, 2023 (GLOBE NEWSWIRE) -- The Portnoy Law Firm advises Northrop Grumman Corporation. (“Northrop” or “the Company”) (NYSE: NOC) investors that the firm has initiated an investigation into possible securities fraud and may file a class action on behalf of investors. Northrop investors that lost money on their investment are encouraged to contact Lesley Portnoy, Esq.
Investors are encouraged to contact attorney Lesley F. Portnoy, by phone 844-767-8529 or email: lesley@portnoylaw.com, to discuss their legal rights, or click here to join the case via www.portnoylaw.com. The Portnoy Law Firm can provide a complimentary case evaluation and discuss investors’ options for pursuing claims to recover their losses.
Northrop disclosed its financial results for Q4 and full-year 2022 on January 26, 2023, where the company revealed that it had received a criminal subpoena from the U.S. Department of Justice on December 9, 2022. The subpoena requested information related to Northrop's financial and cost accounting and controls, which seemed to be focused on the interest rate used by the company for determining its cost accounting standards pension expense. As a result, Northrop's stock price declined by 4.3%, or $19.82, closing at $443.47 per share on January 26, 2023, which resulted in losses for investors.
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The Portnoy Law Firm represents investors in pursuing claims against caused by corporate wrongdoing. The Firm’s founding partner has recovered over $5.5 billion for aggrieved investors. Attorney advertising. Prior results do not guarantee similar outcomes.
Lesley F. Portnoy, Esq.
Admitted CA and NY Bar
lesley@portnoylaw.com
310-692-8883
www.portnoylaw.com
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