LOS ANGELES, Nov. 27, 2018 (GLOBE NEWSWIRE) -- The Schall Law Firm, a national shareholder rights litigation firm, announces that it is investigating claims on behalf of investors of BWX Technologies, Inc. (“BWX” or “the Company”) (NYSE: BWXT) for violations of §§10(b) and 20(a) of the Securities Exchange Act of 1934 and Rule 10b-5 promulgated thereunder by the U.S. Securities and Exchange Commission.
The investigation focuses on whether the Company issued false and/or misleading statements and/or failed to disclose information pertinent to investors. BWX announced its third quarter operating and financial results on November 6, 2018. The Company reported that its "third quarter results were negatively impacted by a reserve on missile tubes and increased interest expense." Based on this news, shares of BWX fell sharply in trading the following day.
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The class in this case has not yet been certified, and until certification occurs, you are not represented by an attorney. If you choose to take no action, you can remain an absent class member.
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