BENSALEM, Pa.–(BUSINESS WIRE)–lt;a href=”https://twitter.com/search?q=%24AAC&src=ctag” target=”_blank”gt;$AAClt;/agt; lt;a href=”https://twitter.com/hashtag/classaction?src=hash” target=”_blank”gt;#classactionlt;/agt;–Law Offices of Howard G. Smith announces an investigation on behalf of
AAC Holdings, Inc. (“AAC Holdings” or the “Company”) (NYSE: AAC)
investors concerning the Company and its officers’ possible violations
of federal securities laws.
On April 16, 2019, the Company announced that certain financial
statements for fiscal 2017 and 2018 could no longer be relied upon. The
Company disclosed that these financial statements would be restated to
reflect adjustments related to estimates for accounts receivable,
provision for doubtful accounts, and revenue.
On this news, the Company’s share price fell $0.40 per share, more than
18%, to close at $1.74 per share on April 16, 2019, on unusually heavy
trading volume.
If you purchased AAC Holdings securities, have information or would like
to learn more about these claims, or have any questions concerning this
announcement or your rights or interests with respect to these matters,
please contact Howard G. Smith, Esquire, of Law Offices of Howard G.
Smith, 3070 Bristol Pike, Suite 112, Bensalem, Pennsylvania 19020 by
telephone at (215) 638-4847, toll-free at (888) 638-4847, or by email to [email protected],
or visit our website at www.howardsmithlaw.com.
This press release may be considered Attorney Advertising in some
jurisdictions under the applicable law and ethical rules.
Contacts
Law Offices of Howard G. Smith
Howard G. Smith, Esquire
215-638-4847
888-638-4847
[email protected]
www.howardsmithlaw.com
