Aerojet Rocketdyne Holdings, Inc. ("Rocketdyne") through its subsidiary, is an American manufacturer of rocket, hypersonic, and electric propulsive systems for space, defense, civil and commercial applications.

According to the law firm press release, the lawsuit alleges that throughout the Class Period, Defendants issued false and misleading statements to investors and/or failed to disclose that: (1) the purchase accounting for contracts acquired as part of the acquisition of the Pratt & Whitney Rocketdyne division from United Technologies Corporation in the quarter ended August 31, 2013 was erroneous; (2) the accounting for changes or modifications to one of the acquired Rocketdyne Business contracts beginning in the quarter ended February 28, 2014 was erroneous; and (3) as a result, Defendants’ statements about Aerojet’s business, operations, and prospects were materially false and misleading and/or lacked a reasonable basis at all relevant times. When the true details entered the market, the lawsuit claims that investors suffered damages.

On April 29, 2016, the Court issued an Order appointing lead Plaintiff and approving lead counsel.

This case was voluntarily dismissed on May 20, 2016.