ATTENTION AMERICAN SCIENCE SHAREHOLDERS: Shareholder Rights Law Firm Johnson & Weaver, LLP Announces Investigation of America...
April 27 2015 - 07:48AM
Business Wire
Shareholder Rights Law Firm Johnson & Weaver, LLP is
investigating potential violations of the federal securities laws
by American Science & Engineering Inc. (NASDAQ: ASEI) and
certain of its officers. The investigation will seek to determine
if certain officers and directors of the Company breached their
fiduciary duties relating to its contractual agreements with the
U.S. Government. American Science develops, manufactures, markets,
and sells X-ray inspection and other detection products for
homeland security, force protection, public safety, and other
defense applications in the United States and internationally.
On April 24, 2015, American Science revealed that it had
received a subpoena from the U.S. General Services Administration
(GSA), relating to an investigation by the GSA and the Department
of Defense of the Company’s compliance with the terms of its
contractual arrangements with the GSA.
American Science receives a significant portion of its revenue
from the federal government. On the news, American Science shares
fell over 8% in trading on April 24, 2015.
If you have information that could assist in this
investigation, or if you are an American Science shareholder and
are interested in learning more about the investigation or your
legal rights and remedies, please contact Jim Baker
(jimb@johnsonandweaver.com) by email or by phone
at 619-814-4471. If emailing, please include a phone number where
you can be reached.
Johnson & Weaver, LLP is a nationally recognized shareholder
rights law firm with offices in California, New York and Georgia.
The firm represents individual and institutional investors in
shareholder derivative and securities class action lawsuits. For
more information about the firm and its attorneys, please visit
http://www.johnsonandweaver.com. Attorney advertising. Past results
do not guarantee future outcomes.
Johnson & Weaver, LLPJim Baker,
619-814-4471jimb@johnsonandweaver.com
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