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Glancy Prongay & Murray LLP Announces the Filing of a Securities Class Action on Behalf of AAC Holdings, Inc. Investors

Business Wire



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LOS ANGELES–(BUSINESS WIRE)–lt;a href=”” target=”_blank”gt;$AAClt;/agt; lt;a href=”” target=”_blank”gt;#CLASSACTIONlt;/agt;–Glancy
Prongay & Murray LLP
(“GPM”), a national investors rights law
firm, announces that a class action lawsuit has been filed on behalf of
investors that acquired AAC Holdings, Inc. (“AAC Holdings” or the
“Company”) (NYSE: AAC)
securities between March 8, 2017 and April 15, 2019, inclusive
(the “Class Period”). AAC Holdings investors have until July 15, 2019 to
file a lead plaintiff motion.

If you are a shareholder who suffered a loss, click here
to participate.

If you wish to learn more about this action, or if you have any
questions concerning this announcement or your rights or interests with
respect to these matters, please contact Lesley Portnoy, Esquire, at
310-201-9150, Toll-Free at 888-773-9224, or by email to,
or visit our website at

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, shares of AAC Holdings fell $0.40 per share or over 18% to
close at $1.74 per share on April 16, 2019, thereby damaging investors.

The complaint filed in this class action alleges that throughout the
Class Period, Defendants made materially false and/or misleading
statements, as well as failed to disclose material adverse facts about
the Company’s business, operations, and prospects. Specifically,
Defendants failed to disclose to investors: (1) the Company’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;
(2) the Company 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; (3) accordingly, those
reports could not be relied upon, requiring the Company to restate the
financial and operating results reflected therein; and (4) as a result,
the Company’s public statements were materially false and misleading at
all relevant times.

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If you purchased shares of AAC Holdings during the Class Period you may
move the Court no later than July 15, 2019 to ask the
Court to appoint you as lead plaintiff. To be a member of the Class you
need not take any action at this time; you may retain counsel of your
choice or take no action and remain an absent member of the Class. If
you wish to learn more about this action, or if you have any questions
concerning this announcement or your rights or interests with respect to
these matters, please contact Lesley Portnoy, Esquire, of GPM, 1925
Century Park East, Suite 2100, Los Angeles California 90067 at
310-201-9150, Toll-Free at 888-773-9224, by email to,
or visit our website at
If you inquire by email please include your mailing address, telephone
number and number of shares purchased.

This press release may be considered Attorney Advertising in some
jurisdictions under the applicable law and ethical rules.


Glancy Prongay and Murray LLP, Los Angeles
Lesley Portnoy,
310-201-9150 or 888-773-9224

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Business Wire

Celltrion Adopts Veeva Vault eTMF for Greater Visibility into Trial Activities

Business Wire



Reading Time: 3 minutes

Leading South Korean biopharmaceutical modernizes trial operations to maintain inspection readiness and have a comprehensive view of study status

PLEASANTON, Calif.–(BUSINESS WIRE)–#activeTMFVeeva Systems (NYSE:VEEV) today announced that Celltrion, one of the top South Korean biopharmaceutical companies, implemented Veeva Vault eTMF to improve oversight across its trial master file (TMF) processes and achieve greater compliance.

Vault eTMF enables an active TMF operating model where all processes and documents are managed in one system, in real time, as they are executed. With this model, TMF management is automated and the TMF stays in a constant state of inspection readiness.

“Veeva Vault eTMF will help us streamline our clinical operations and give us a complete view of study documents at every stage of drug development,” said Sueun Song, head of clinical operations at Celltrion. “As clinical trials become more complex, we need advanced insights into study processes and the ability to stay compliant with regulatory authorities around the world.”

Recent ICH E6(R2) amended guidelines require sponsors to maintain oversight throughout the clinical trial lifecycle. With Vault eTMF, Celltrion has a single source of truth for trial documentation that provides simplified access for auditors and inspectors. Moving to Vault eTMF, Celltrion also improves operational performance and strengthens collaboration with study partners and sites.

“Life sciences organizations are choosing Veeva Vault eTMF for active TMF management to improve study quality in today’s highly regulated environment,” said Chris Shim, country manager for Veeva Korea. “We’re excited about the opportunity to work with companies such as Celltrion in Asia Pacific to modernize their trial processes.”

Veeva Vault eTMF is part of the Veeva Vault Clinical Suite, the industry’s first cloud platform that includes CDMS, CTMS, eTMF, and study start-up to unify clinical data management and clinical operations. Veeva’s suite of unified applications provides global visibility into trial activities and streamlines end-to-end clinical processes. For more information, visit

Additional Information

For more on Veeva Vault eTMF, visit:

Connect with Veeva on LinkedIn:

Follow @veevasystems on Twitter:

Like Veeva on Facebook:

About Celltrion Inc.

Headquartered in Incheon, Korea, Celltrion is a leading biopharmaceutical company specializing in research, development, and manufacturing of biosimilar and innovative drugs. Celltrion strives to provide more affordable biosimilar mAbs to patients who previously had limited access to advanced therapeutics. Celltrion received FDA and EMA approval for Inflectra and Remsima, respectively, which is the world’s first mAb biosimilar to receive approval from a regulatory agency in a developed country. For more information, visit

About Veeva Systems

Veeva Systems Inc. is the leader in cloud-based software for the global life sciences industry. Committed to innovation, product excellence, and customer success, Veeva serves more than 750 customers, ranging from the world’s largest pharmaceutical companies to emerging biotechs. Veeva is headquartered in the San Francisco Bay Area, with offices throughout North America, Europe, Asia, and Latin America. For more information, visit

Forward-looking Statements

This release contains forward-looking statements, including the market demand for and acceptance of Veeva’s products and services, the results from use of Veeva’s products and services, and general business conditions, particularly in the life sciences industry. Any forward-looking statements contained in this press release are based upon Veeva’s historical performance and its current plans, estimates, and expectations, and are not a representation that such plans, estimates, or expectations will be achieved. These forward-looking statements represent Veeva’s expectations as of the date of this press announcement. Subsequent events may cause these expectations to change, and Veeva disclaims any obligation to update the forward-looking statements in the future. These forward-looking statements are subject to known and unknown risks and uncertainties that may cause actual results to differ materially. Additional risks and uncertainties that could affect Veeva’s financial results are included under the captions, “Risk Factors” and “Management’s Discussion and Analysis of Financial Condition and Results of Operations,” in the company’s filing on Form 10-Q for the period ended April 30, 2019. This is available on the company’s website at under the Investors section and on the SEC’s website at Further information on potential risks that could affect actual results will be included in other filings Veeva makes with the SEC from time to time.


Roger Villareal

Veeva Systems


Lisa Barbadora

Veeva Systems


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Business Wire

Soundtrap Launches New Free Tier With Unlimited Storage – Users Can Create Songs and Podcasts Without Limits

Business Wire



Reading Time: 2 minutes

STOCKHOLM & NEW YORK–(BUSINESS WIRE)–In its ongoing quest to revolutionize music making and storytelling for everyone, Soundtrap, a Spotify-owned company, is releasing a new version of its free tier, which will now enable anyone with a passion for music or podcasts to create and save as many multi-track projects as they want – no limits at all. This unlimited capacity has until now only been available for paying subscribers.

Soundtrap is a popular, easy-to-use online collaborative music and podcast recording studio. It allows users to connect and work on the same tune or podcast in real time using any connected device, no matter where they are in the world. Previously, Soundtrap’s free version allowed just five stored projects, but now unlimited storage is combined with more than double the number of free music loops: 2,210 in total. The free plan also includes 210 software instruments and, since the storage restriction is now lifted, Soundtrap users can connect and collaborate with like-minded people around the world in unlimited collaborations.

“This new version gives freedom to anyone who likes to be creative with music or podcasts, and we are very excited to see what our users will do with all the new capacity,” said Per Emanuelsson, managing director of Soundtrap at Spotify. “Any creator will now be able to store all their great ideas. They can keep them around for future reference and then share them with friends to collaborate or edit them as suits their needs.”

“Soundtrap’s new, no-fee product follows our parent company Spotify’s revamped free tier implemented a year ago. We’re joining Spotify’s lead in improving what’s available to those who use our basic, no-fee product,” said Emanuelsson. “Offering an even richer palette of tools for free online music- and podcast-making inspires greater creativity and is likely to increase the love of music and storytelling for everyone passionate about connecting and creating.”

The free multi-platform software tool now also includes audio effects for making music and storytelling. It will appeal to a wide range of users. The new free tier is available immediately from

About Soundtrap:


Aoife Kimber

PR for Soundtrap

+ 1 650 773 7288

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Business Wire

Rocky Mountain Power Achieves Over 41GWh Energy Savings With Artificial Intelligence Home Energy Reports Solution From Bidgely

Business Wire



Reading Time: 2 minutes

Modern energy reporting drives savings for non-smart meter customers at nearly 25% less cost than traditional Home Energy Reports

MOUNTAIN VIEW, Calif.–(BUSINESS WIRE)–An artificial intelligence (AI) Home Energy Reports solution​ has helped Rocky Mountain Power customers generate 41GWhs of energy savings. Less than one year after its introduction, by modernizing and personalizing customer engagement, the AI reporting solution has enabled Rocky Mountain Power to save energy equivalent to eliminating CO2 emissions from more than 31 million pounds of coal burned.

Bidgely’s non-smart meter disaggregation technology, which leverages machine learning from over 50 billion smart meter data points to disaggregate the consumption from monthly meter reads, delivered these savings at an average of approximately 4 cents per kilowatt hour – an approximately 25 percent cost reduction compared to conventional Home Energy Reports.

“We were searching for the next wave of customer engagement and a way to drive customers toward a digital, two-way dialogue with us,” said Clay Monroe, director of customer relations for Rocky Mountain Power. “With AI reports we are able to quickly shift from conventional methods of reporting, using general peer comparisons, to true energy empowerment with itemized energy bills and personalized savings tips, while at the same time moving customers to digital reports.”

In 2018, Bidgely replaced Rocky Mountain Power’s existing Home Energy Reports program with its AI-powered reports named iHERs. Approximately 330,000 customers across Utah, Idaho and Wyoming for the first time received itemized energy reports, over 50 percent of whom were moved to digital reports with the help of Bidgely’s iHER solution. In addition, all of Rocky Mountain Power’s 1 million residential customers were provided access to a web dashboard. This helped the utility reduce program costs by nearly 25 percent and drive digital engagement where customers experience a more robust, personalized offering to help them save energy. The program has resulted in 38 percent email open rates, 80 percent “Likes,” and the significant 41 gigawatt-hours savings from 330,000 digital and paper customers.

“Harnessing the power of artificial intelligence and digitalization helps utilities achieve their common goal of a scalable, personalized experience for customers,” Bidgely CEO Abhay Gupta commented. “Rocky Mountain Power’s leadership in AI is resulting in success not only for energy savings and engagement, but it is delighting customers across their territory.”

Rocky Mountain Power’s television news interview showcasing their innovative approach to modern energy reporting can be viewed here:

For more information about the Bidgely iHERs solution, please visit:

About Bidgely

As the industry’s first enterprise energy analytics and customer engagement platform provider, Bidgely’s utility artificial intelligence (AI) solutions transform utility meter data into business intelligence for optimizing shareholder value, personalizing the customer experience and modernizing the grid. Bidgely’s mission to be a trusted AI partner helps utilities solve daily challenges related to home energy management, customer satisfaction, operational efficiency and new revenue models. With roots in Silicon Valley, the company has raised over $50M in funding, retains 30+ data scientists and brings a passion for AI to utilities serving residential customers around the world. For more information, please visit or the Bidgely blog at


Christine Bennett


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