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Advanced Drainage Systems, Inc. (NYSE: WMS) Investor Investigation over potential Wrongdoing

08-19-2019 09:35 PM CET | Business, Economy, Finances, Banking & Insurance

Press release from: Shareholders Foundation

An investigation on behalf of investors in Advanced Drainage Systems, Inc. (NYSE: WMS) shares over potential wrongdoing.

An investigation on behalf of investors in Advanced Drainage Systems, Inc. (NYSE: WMS) shares over potential wrongdoing.

An investigation was announced over potential breaches of fiduciary duties by certain officers and directors at Advanced Drainage Systems.

Investors who purchased shares of Advanced Drainage Systems, Inc. (NYSE: WMS) and currently hold any of those NYSE: WMS shares have certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.

The investigation by a law firm concerns whether certain Advanced Drainage Systems directors breached their fiduciary duties and caused damage to the company and its shareholders.

Hilliard, OH based Advanced Drainage Systems, Inc. designs, manufactures, and markets thermoplastic corrugated pipes and related water management products, and drainage solutions for use in the underground construction and infrastructure marketplace in the United States and internationally. On July 15, 2015, Advanced Drainage Systems, Inc announced that it would have to delay the filing of its Form 10-K for the fiscal year ended March 31, 2015. Advanced Drainage Systems, Inc then revealed several accounting indiscretions, including inappropriate entries and adjustments to its financials. In July 2018, The SEC filed a cease and desist order against and found that CFO Mark Sturgeon “willfully” caused the Company to manipulate its financial results.

Shares of Advanced Drainage Systems, Inc (NYSE: WMS) shares declined to as low as $29.01 per share on August 1, 2019.

Those who purchased shares of Advanced Drainage Systems, Inc. (NYSE: WMS), have certain options and should contact the Shareholders Foundation.

Media Contact:
Michael Daniels
Shareholders Foundation, Inc.
3111 Camino Del Rio North
Suite 423
San Diego, CA 92108
Tel: +1-(858)-779-1554
E-Mail: mail@shareholdersfoundation.com

About Shareholders Foundation, Inc.
The Shareholders Foundation, Inc. is a professional portfolio monitoring and settlement claim filing service, and an investor advocacy group, which does research related to shareholder issues and informs investors of securities class actions, settlements, judgments, and other legal related news to the stock/financial market. Shareholders Foundation, Inc. is in contact with a large number of shareholders and offers help, support, and assistance for every shareholder. The Shareholders Foundation, Inc. is not a law firm. Referenced cases, investigations, and/or settlements are not filed/initiated/reached and/or are not related to Shareholders Foundation. The information is provided as a public service. It is not intended as legal advice and should not be relied upon.

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