Law Offices of Howard G. Smith announces an investigation on behalf of Northrop Grumman Corporation (“Northrop” or the “Company”) (NYSE: NOC) investors concerning the Company’s possible violations of federal securities laws.
On January 26, 2023, Northrop released its fourth quarter and full-year 2022 financial results, disclosing that the Company had received a criminal subpoena from the U.S. Department of Justice (“DOJ”) 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.”
On this news, Northrop’s stock price fell $19.82, or 4.3%, to close at $443.47 per share on January 26, 2023, thereby injuring investors.
If you purchased Northrop securities, have information or would like to learn more about these claims, or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Howard G. Smith, Esquire, of Law Offices of Howard G. Smith, 3070 Bristol Pike, Suite 112, Bensalem, Pennsylvania 19020 by telephone at (215) 638-4847, toll-free at (888) 638-4847, or by email to howardsmith@howardsmithlaw.com, or visit our website at www.howardsmithlaw.com.
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View source version on businesswire.com: https://www.businesswire.com/news/home/20230210005355/en/
Contacts
Law Offices of Howard G. Smith
Howard G. Smith, Esquire
215-638-4847
888-638-4847
howardsmith@howardsmithlaw.com
www.howardsmithlaw.com
