"Recent revelations about SAIC's alleged overbilling practices and numerous failures to adhere to proper accounting standards as part of the overbilling scheme prompted the firms to investigate possible breaches of fiduciary duties and other violations of state law by SAIC's top management and directors. Based on our investigation, we are prepared to pursue litigation to preserve the company and the value of SAIC stock for all shareholders, including seeking removal of certain officers and directors and monetary payments," said shareholder rights attorney Willie Briscoe.
http://www.marketwatch.com/story/saic-shareholder-investigation-the-briscoe-law-firm-and-powers-taylor-llp-announce-investigation-of-possible-breaches-of-fiduciary-duty-by-the-officers-and-directors-of-saic-inc-2012-02-27
Lawfirms are NOT pleased with SAIC and are seeking money for all SAIC shareholders. They want their money back too~!
Note from Suzannah Troy - I am on record demanding way more than 600 million we got Mike to ask for. In front of SAIC's NYC office with Local 375 DC 37.
http://www.youtube.com/watch?v=AfnGDuHUQNk&feature=youtube_gdata_player