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

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LOS ANGELES–(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;–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 shareholders@glancylaw.com,
or visit our website at www.glancylaw.com.

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.

Follow us for updates on Twitter: twitter.com/GPM_LLP.

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 shareholders@glancylaw.com,
or visit our website at www.glancylaw.com.
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.

Contacts

Glancy Prongay and Murray LLP, Los Angeles
Lesley Portnoy,
310-201-9150 or 888-773-9224
www.glancylaw.com
shareholders@glancylaw.com

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Business Wire

Bragar Eagel & Squire, P.C. Announces That a Class Action Lawsuit Has Been Filed Against Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ: OLLI) and Encourages Ollie’s Investors to Contact the Firm

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NEW YORK–(BUSINESS WIRE)–#classaction–Bragar Eagel & Squire, P.C. announces that a class action lawsuit has been filed in the United States District Court for the Southern District of New York on behalf of all investors that purchased Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ: OLLI) securities between June 6, 2019 and August 28, 2019 (“the “Class Period”). Investors have until November 18, 2019 to apply to the Court to be appointed as lead plaintiff in the lawsuit.

Click here to participate in the action.

On August 28, 2019, Ollie’s reported that store sales decreased 1.7% during the second quarter of 2019. Further, Ollie’s disclosed that a “bottleneck issue” had existed in its supply chain “for most all of Q2” and was not corrected until “the last week of the quarter.”

On this news, shares of Ollie’s fell $21.41 per share, or over 27%, to close at $56.36 per share on August 29, 2019.

The complaint, filed on September 17, 2019, 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) that the company suffered a supply chain issue that impacted the initial inventory available at new stores; (2) that, as a result, the company lacked sufficient inventory to meet demand at certain store locations; (3) that, as a result, the company’s comparable store sales were likely to decrease quarter-over-quarter; and (4) that, as a result of the foregoing, defendants’ positive statements about the company’s business, operations, and prospects, were materially misleading and/or lacked a reasonable basis.

If you purchased Ollie’s securities during the Class Period, are a long-term stockholder, have information, 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 Brandon Walker or Melissa Fortunato by email at investigations@bespc.com, or telephone at (212) 355-4648, or by filling out this contact form. There is no cost or obligation to you.

Bragar Eagel & Squire, P.C. is a New York-based law firm concentrating in commercial and securities litigation. For additional information concerning the Ollie’s lawsuit, please go to https://bespc.com/olli. For additional information about Bragar Eagel & Squire, P.C. please go to www.bespc.com. Attorney advertising. Prior results do not guarantee similar outcomes.

Contacts

Bragar Eagel & Squire, P.C.

Brandon Walker, Esq.

Melissa Fortunato, Esq.

(212) 355-4648

investigations@bespc.com
www.bespc.com

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Business Wire

Bragar Eagel & Squire, P.C. Announces That a Class Action Lawsuit Has Been Filed Against DXC Technology Company (NYSE: DXC) and Encourages DXC Investors to Contact the Firm

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NEW YORK–(BUSINESS WIRE)–#DXC–Bragar Eagel & Squire, P.C. announces that a class action lawsuit has been filed in the United States District Court for the Northern District of California on behalf of all investors that purchased DXC Technology Company (NYSE: DXC) securities pursuant to and/or traceable to the company’s April 2017 registration statement and prospectus. Investors have until November 15, 2019 to apply to the Court to be appointed as lead plaintiff in the lawsuit.

Click here to participate in the action.

In April of 2017 DXC was created when Hewlett Packard Enterprise Company’s Enterprise Services segment was spun off and merged with Computer Sciences Corporation. In conjunction with this transaction, DXC issued a registration and prospectus.

On February 6, 2019, a civil complaint was filed alleging that certain officers of the company were using cost-cutting efforts such as layoffs to inflate short-term financial metrics and that these efforts substantially decreased the company’s ability to deliver contractually obligated services to its clients.

On August 8, 2019, the company lowered its fiscal 2020 revenue guidance by $500 million compared to previously issued guidance.

On this news, the company’s share price fell $15.74, or over 30%, to close at $35.91 per share on August 9, 2019, thereby injuring investors.

The complaint, filed on September 16, 2019, 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) that the planned “workforce optimization” plan involved implementing arbitrary quotas; (2) that the plan would cut thousands of jobs at the company; (3) that jobs that were particularly at risk of being cut were held by longer-tenured, knowledgeable, and highly compensated senior personnel; (4) that these job terminations were selectively timed to artificially inflate reported earnings and other financial metrics; (5) that, at the time of the merger, defendant Lawrie had forecasted plans for a $2.7 billion workforce reduction in the first year; (6) that, as a result of these workforce terminations, the company was unlikely to deliver on client contracts; (7) that, as a result of the foregoing, the company’s clients would be dissatisfied and the relationships would be impaired; and (8) that, as a result of the foregoing, defendants’ positive statements about the company’s business, operations, and prospects, were materially misleading and/or lacked a reasonable basis.

On the date the complaint was filed, DXC stock traded as low as $32.34 per share, a 45% decline from the $59 per share price at the time of the spin-off and merger.

If you purchased DXC securities during the Class Period, are a long-term stockholder, have information, 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 Brandon Walker or Melissa Fortunato by email at investigations@bespc.com, or telephone at (212) 355-4648, or by filling out this contact form. There is no cost or obligation to you.

Bragar Eagel & Squire, P.C. is a New York-based law firm concentrating in commercial and securities litigation. For additional information concerning the DXC lawsuit, please go to https://bespc.com/dxc-2. For additional information about Bragar Eagel & Squire, P.C. please go to www.bespc.com. Attorney advertising. Prior results do not guarantee similar outcomes.

Contacts

Bragar Eagel & Squire, P.C.

Brandon Walker, Esq.

Melissa Fortunato, Esq.

(212) 355-4648

investigations@bespc.com
www.bespc.com

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Business Wire

Bragar Eagel & Squire, P.C. Announces That a Class Action Lawsuit Has Been Filed Against ProPetro Holdings Corp. (NYSE: PUMP) and Encourages ProPetro Investors to Contact the Firm

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NEW YORK–(BUSINESS WIRE)–#ProPetro–Bragar Eagel & Squire, P.C. announces that a class action lawsuit has been filed in the United States District Court for Western District of Texas on behalf of all investors that purchased ProPetro Holdings Corp. (NYSE: PUMP) securities between March 14, 2017 and August 8, 2019 (“the “Class Period”). Investors have until November 15, 2019 to apply to the Court to be appointed as lead plaintiff in the lawsuit.

Click here to participate in the action.

In March 2017, the company completed its initial public offering (“IPO”), in which it sold 25 million shares of common stock at $14.00 per share.

On August 8, 2019, the company issued a press release delaying its second quarter earnings conference call and quarterly report, citing an ongoing review by its audit committee. In a Form 8-K filed with the SEC on the same day, the company stated that the review concerned, among other things, expense reimbursements and certain transactions involving related parties or potential conflicts of interest. The Form 8-K also stated that approximately $370,000 had been improperly reimbursed to members of senior management since the IPO.

On this news, the company’s share price fell $4.59 per share, or over 26%, to close at $12.75 per share on August 9, 2019.

By the date this class action was filed, ProPetro stock was trading as low as $11.44 per share, a nearly 18% decline from the $14 per share IPO price.

The complaint, filed on September 16, 2019, 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) that the company’s executive officers were improperly reimbursed for certain expenses; (2) that the company had engaged in certain undisclosed transactions with related parties; (3) that the company lacked adequate disclosure controls and procedures; (4) that the company lacked effective internal control over financial reporting; and (5) that, as a result of the foregoing, defendants’ positive statements about the company’s business, operations, and prospects, were materially misleading and/or lacked a reasonable basis.

If you purchased ProPetro securities during the Class Period, are a long-term stockholder, have information, 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 Brandon Walker or Melissa Fortunato by email at investigations@bespc.com, or telephone at (212) 355-4648, or by filling out this contact form. There is no cost or obligation to you.

Bragar Eagel & Squire, P.C. is a New York-based law firm concentrating in commercial and securities litigation. For additional information concerning the ProPetro lawsuit, please go to https://bespc.com/pump. For additional information about Bragar Eagel & Squire, P.C. please go to www.bespc.com. Attorney advertising. Prior results do not guarantee similar outcomes.

Contacts

Bragar Eagel & Squire, P.C.

Brandon Walker, Esq.

Melissa Fortunato, Esq.

(212) 355-4648

investigations@bespc.com
www.bespc.com

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