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New York, New York--(Newsfile Corp. - October 4, 2021) - Moore Kuehn, PLLC, a securities law firm located on Wall Street, is investigating whether certain officers and directors of AECOM (NYSE: ACM) breached their fiduciary duties to shareholders.
According to a federal whistleblower lawsuit, AECOM insiders caused the company to (1) misuse FEMA Public Assistance Program funds it received in the wake of Hurricane Katrina and (2) knowingly, recklessly or with willful blindness submit false information to FEMA, to qualify ineligible buildings for post-Katrina replacement funding. The claims center around the FEMA assistance received for the Xavier University gymnasium and electrical distribution system, as well as the Archdiocese-owned St. Raphael School cafeteria building and Villa St. Maurice complex. Additionally, it is alleged that the company violated the False Claims Act in connection with at least seven other AECOM projects throughout New Orleans. On March 8, 2021, U.S. District Court Judge Eldon E. Fallon denied defendants' motion to dismiss the whistleblower complaint, paving the way for litigation to proceed against AECOM.
If you are a long-term AECOM stockholder please contact Justin Kuehn, Esq. by email at firstname.lastname@example.org or telephone at (212) 709-8245. There is no cost to you. Moore Kuehn is a New York-based law firm with attorneys representing investors and consumers. Please visit http://www.moorekuehn.com/practice/new-york-shareholder-derivative-litigation/.
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Moore Kuehn, PLLC
Justin Kuehn, Esq.
30 Wall Street, 8th Floor
New York, New York 10005
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/98461