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Knurr v. Orbital ATK Inc. et al

  1. June 07, 2019

    Attys Awarded $30M Of Investor's $108M Deal With Orbital

    Counsel for investors in Orbital ATK Inc. will receive 28%, about $30.2 million, of a $108 million settlement that resolved allegations Orbital misled the public about substantial losses it took on an Army ammunition deal, a Virginia federal judge ruled Friday.

  2. January 31, 2019

    Orbital Investors Seek OK For $108M Deal In Stock-Drop Suit

    Investors told a Virginia federal judge Wednesday that Orbital ATK Inc. has agreed to pay $108 million in cash to settle a proposed securities class action accusing the defense contractor of misleading the public about substantial losses it took on a $2.3 billion U.S. Army ammunition deal.

  3. July 23, 2018

    Orbital Says Cert. Should Be Denied In Stock-Drop Suit

    Orbital ATK Inc. hit back at a bid for class certification from investors who accuse the defense contractor of misleading them over losses on a $2.3 billion U.S. Army ammunition deal, telling a Virginia federal court Friday that the investors haven't shown a drop in the company's stock price directly stemmed from the alleged misrepresentations.

  4. July 17, 2018

    Orbital Fights Order To Cough Up Docs In Stock-Drop Row

    Defense contractor Orbital ATK Inc. urged a Virginia federal court to set aside a magistrate judge’s order forcing the company to give a proposed class of investors documents related to an internal investigation, insisting the documents are protected.

  5. May 07, 2018

    Orbital Told To Disclose Witness Reports In Stock-Drop Suit

    A federal judge in Virginia told defense contractor Orbital ATK Inc. to hand over witness interview reports compiled during an internal investigation into financial misstatements made about a $400 million loss on a U.S. Army contract, saying that investors suing the company may review the documents after they've been redacted. 

  6. May 03, 2018

    Orbital Says Fund's Doc Request Ignores 'Common Sense'

    Orbital ATK Inc. told a Virginia federal court Wednesday that a pension fund's recent bid to compel the defense contractor to turn over documents related to an internal investigation into financial misstatements about a U.S. Army contract defies "hornbook law, the factual record and common sense."

  7. April 30, 2018

    Orbital Must Share Internal Probe Docs, Pensioners Say

    A pension fund urged a Virginia federal court on Friday to compel Orbital ATK Inc. to turn over documents related to its internal investigation into financial misstatements made about a contract with the U.S. Army, saying Orbital's privilege claims in discovery have been overly broad.

  8. April 20, 2018

    Orbital ATK Ordered To Fork Over Docs In Securities Suit

    A Virginia magistrate judge has given Orbital ATK Inc. until May 1 to produce all of the documents that shareholders accused the company of withholding during discovery for their suit claiming they were misled by Orbital about losses incurred on a $2.3 billion U.S. Army ammunition deal.

  9. April 16, 2018

    Orbital Investors Demand More Info In Securities Suit

    Orbital ATK investors asked a Virginia federal court Friday to order the company to furnish more information in litigation accusing it of misleading shareholders about its losses on a $2.3 billion U.S. Army ammunition deal, blasting the contractor for refusing to provide documents created after an arbitrary cutoff date.

  10. September 27, 2017

    Orbital ATK Gets Toss Of Some Claims In Investor Suit

    A Virginia federal judge on Tuesday lopped off the fraud-related claims from a proposed class action accusing defense company Orbital ATK Inc. of making false and misleading statements about a $2.3 billion U.S. Army ammunition contract, finding that the investors behind the suit hadn't shown an intent to deceive.

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