Pomerantz LLP

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Aerojet Rocketdyne Holdings, Inc.

We are investigating Aerojet Rocketdyne Holdings, Inc. (AJRD) (“Aerojet” or the “Company”) for potential violations of the federal securities laws. 

On April 9, 2019, Spruce Point Management (“Spruce Point”) published a report alleging that Aerojet “is facing fundamental pressures, masked by complicated and aggressive accounting, which gives investors a potentially misleading impression of stability and growth.”  Among other issues, Spruce Point asserted that “~$900M of liabilities associated with the business [makes] the Company 5x more levered than it appears” and that “analysts blindly pencil in 4% revenue growth in the next two years, despite hundreds of millions of dollars in revenue programs that are disappearing.”  Following publication of the Spruce Point report, Aerojet’s stock price fell sharply during intraday trading on April 9, 2019.