SHAREHOLDER ALERT: Pomerantz Law Firm Investigates Claims On Behalf of Investors of AAC Holdings, Inc. – AAC
NEW YORK, NY / CRWEPRESSRELEASE / August 6, 2015 /Pomerantz LLP is investigating claims on behalf of investors of AAC Holdings, Inc. (“AAC Holdings” or the “Company”) (NYSE: AAC). Such investors are advised to contact Robert S. Willoughby at email@example.com or 888-476-6529, ext. 9980.
The investigation concerns whether AAC Holdings and certain of its officers and/or directors have violated Sections 10(b) and 20(a) of the Securities Exchange Act of 1934.
On July 30, 2015, California prosecutors unsealed an indictment charging, among others, the company’s CEO and main operating unit with murder and dependent adult abuse in connection with a 2010 death at one of the company’s drug and alcohol treatment facilities. On this news, the company’s stock dropped $1.58, or 4%, to close at $37.49 on July 30, 2015. On August 4, 2015, a report published by Bleecker Street Research stated that based on filings in a related civil lawsuit, AAC Holdings knew or had reason to know about the criminal investigation into the 2010 death at least as early as April 2013 but failed to disclose its existence in the prospectus for its October 1, 2014 IPO or any other SEC filings.
On this news, AAC stock fell $12.9, or 39.3%, to close at $19.89 on August 4, 2015.
The Pomerantz Firm, with offices in New York, Chicago, Los Angeles, and Florida, is acknowledged as one of the premier firms in the areas of corporate, securities, and antitrust class litigation. Founded by the late Abraham L. Pomerantz, known as the dean of the class action bar, the Pomerantz Firm pioneered the field of securities class actions. Today, more than 70 years later, the Pomerantz Firm continues in the tradition he established, fighting for the rights of the victims of securities fraud, breaches of fiduciary duty, and corporate misconduct. The Firm has recovered numerous multimillion-dollar damages awards on behalf of class members. See www.pomerantzlaw.com.