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Investigation announced for Investors in shares of AAC Holdings, Inc. (NYSE: AAC)

09-12-2019 06:01 PM CET | Business, Economy, Finances, Banking & Insurance

Press release from: Shareholders Foundation

An investigation on behalf of current long term investors in AAC Holdings, Inc. (NYSE: AAC) shares.

An investigation on behalf of current long term investors in AAC Holdings, Inc. (NYSE: AAC) shares.

An investigation was announced for investors in shares of AAC Holdings, Inc. (NYSE: AAC) concerning potential breaches of fiduciary duties by certain directors of AAC Holdings, Inc.

Investors who are current long term investors in AAC Holdings, Inc. (NYSE: AAC) 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 for current long term investors in NYSE: AAC stocks follows a lawsuit filed against AAC Holdings, Inc. over alleged securities laws violations. The investigation on behalf of current long term investors in NYSE: AAC stocks, concerns whether certain AAC Holdings directors are liable in connection with the allegations made in that lawsuit.

The plaintiff alleges that the Defendants made false and/or misleading statements and/or failed to disclose that AAC’s internal control over financial reporting and disclosure controls and procedures was inadequate to accurately reflect adjustments related to estimates for accounts receivable, provision for doubtful accounts, and revenue, that AAC consequently misstated financial and operating results in its annual reports for fiscal years 2016 and 2017, as well as all quarterly reports throughout 2017 and 2018, that accordingly, those reports could not be relied upon, requiring AAC to restate the financial and operating results reflected therein, and that as a result, the Company’s public statements were materially false and misleading at all relevant times.

Those who purchased shares of AAC Holdings, Inc. (NYSE: AAC) 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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