Aerojet Rocketdyne Holdings, Inc.

Investigation
05/05/2022

Initial Lawsuit
To be active

Investigation

Continous Holding
December 20, 2020 to May 5, 2022
Proposed Claim
Breach of Fiduciary Duty

Investors investigation focused on the proxy solicitation battle between Aerojet’s executive chairman Warren Lichtenstein alleging an upcoming “self-serving board coup” and chief executive officer (CEO) Eileen Drake’s claims of Lichtenstein’s “conflict of interest.”

Main Event

Lichtenstein v. Drake

04/27/2022

Complaint on file

Warren Lichtenstein, executive chairman of Aerojet Rocketdyne Holdings, Inc. announces that he and SPH Group Holdings, LLC have filed a complaint in the United States District Court for the Central District of California against Aerojet Rocketdyne chief executive officer Eileen Drake and her slate of director nominees, which includes incumbents Kevin Chilton, Thomas Corcoran and Lance Lord.

“The complaint lays out Ms. Drake’s unprecedented intent to gain control over Aerojet Rocketdyne by unlawfully misleading shareholders in several circumstances, including in the preliminary proxy materials“

The stock impact compares the closing price immediately preceding the date of the event and the following closing price. The price difference also reflects the overall mix of information.

Stock Impact

Close	Previous close	Price variation	Percentage variation
$40.45	$40.21	$0.24	0.6%

See more on Factual Timeline

Initial Lawsuit

No lawsuit has been filed in connection with this investigation. Contact a Law Firm regarding the filing of a complaint.

[stockdio-historical-chart symbol=”AJRD” stockExchange=”NYSENasdaq” width=”500″ height=”330″ motif=”blinds” palette=”humanity” includeVolume=false]

Factual Timeline

More

1Globe Capital LLC (Sinovac Biotech Ltd. "SVA" stock) Investors Class Action Lawsuit Image

Investigation

Payoneer Global Inc. (PAYO)

Whether directors and officers of Payoneer Global Inc. (PAYO) breached their fiduciary duties to the company and its shareholders.

Tenet Fintech Group Inc. Image

Investigation

LegalZoom.com, Inc. (LZ)

Whether directors and officers of LegalZoom.com, Inc. (LZ) breached their fiduciary duties to the company and its shareholders.

DocuSign, Inc. Image

Investigation

Inari Medical, Inc. (NARI)

Whether directors and officers of Inari Medical, Inc. (NARI) breached their fiduciary duties to the company and its shareholders.

Investigation

Builders FirstSource, Inc. (BLDR)

Whether directors and officers of Builders FirstSource, Inc. (BLDR) breached their fiduciary duties to the company and its shareholders.

SpringWorks Therapeutics Confidential Investigation

Investigation

Amicus Therapeutics, Inc. (FOLD)

Whether directors and officers of Amicus Therapeutics, Inc. (FOLD) breached their fiduciary duties to the company and its shareholders.

DENTSPLY SIRONA Inc. Image

Investigation

Kewaunee Scientific Corporation (KEQU)

Whether directors and officers of Kewaunee Scientific Corporation (KEQU) breached their fiduciary duties to the company and its shareholders.