NEW YORK, Feb. 20, 2023 (GLOBE NEWSWIRE) — Pomerantz LLP is investigating claims on behalf of investors in Northrop Grumman Corporation (“Northrop Grumman” or the “Company”) NOK. Those investors are advised to contact Robert S. Willoughby at newaction@pomlaw.com or 888-476-6529, extension 7980.

The investigation concerns whether Northorp Grumman and certain of its officers and/or directors have engaged in securities fraud or other illegal business practices.

[Click here for information about joining the class action]

On January 26, 2023, Northrop Grumman announced that on December 9, 2022, the company had received a subpoena from the U.S. Department of Justice “requesting financial and cost accounting information and controls that appeared to be focused on the interest rate that the company used for determination [its cost accounting standards] pension spending.”

As a result of this news, Northrop Grumman’s stock price fell $19.82 per share, or 4.28%, to close on January 26, 2023 at $443.47 per share.

The Pomerantz law firm, with offices in New York, Chicago, Los Angeles, London and Paris, is recognized as one of the leading law firms in the areas of corporate, securities and antitrust litigation. Founded by the late Abraham L. Pomerantz, known as Dean of the Class Attorney’s Association, the Pomerantz firm pioneered the field of securities class actions. Today, more than 80 years later, the Pomerantz law firm continues the tradition he established and fights for the rights of victims of securities fraud, breaches of fiduciary duty and corporate misconduct. The firm has recovered numerous multi-million dollar claims on behalf of group members. See www.pomerantzlaw.com.

CONTACT:
Robert S Willoughby
Pomerantz LLP
rswilloughby@pomlaw.com
888-476-6529 ext. 7980