INVESTOR ALERT: Investigation of Advanced Emissions Solutions, Inc. Announced by Glancy Binkow & Goldberg LLP
January 30 2015 - 9:32PM
Business Wire
Glancy Binkow & Goldberg LLP announces that it is
investigating potential claims on behalf of investors of Advanced
Emissions Solutions, Inc. (“Advanced Emissions Solutions” or the
“Company”) (NASDAQ:ADES) concerning possible violations of federal
securities laws. The investigation is focused the Company’s
operations and financial performance and prospects.
Please contact Lesley Portnoy at (888) 773-9224 or (310)
201-9150, or at shareholders@glancylaw.com to discuss this matter.
If you inquire by email please include your mailing address,
telephone number and number of shares purchased.
Advanced Emissions Solutions, together with its subsidiaries,
provides environmental technologies and specialty chemicals to the
coal-burning electric power generation industry primarily in the
United States. The investigation is related to the Company’s
January 29, 2015, disclosure in a regulatory filing that on
January 23, 2015, KPMG LLP resigned as the Company’s
independent accounting firm.
According to the Company, KPMG has communicated to the Company’s
management and the Audit Committee that the Company has the
following “material weaknesses”: (i) inadequate management
oversight and monitoring of the Company’s internal controls over
financial reporting; (ii) inadequate accounting resources, as the
Company does not have a sufficient number of accounting personnel
with appropriate technical accounting or financial reporting
experience; and (iii), additional material weaknesses related to
the Company’s restatement adjustments not finalized at the time of
KPMG’s resignation. Following this news, on January 30, 2015,
Advanced Emissions Solutions shares declined approximately 46%
below the previous closing price.
If you purchased Advanced Emissions Solutions securities, if you
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 Lesley
Portnoy, Esquire, of Glancy Binkow & Goldberg LLP, 1925 Century
Park East, Suite 2100, Los Angeles, California 90067 at (310)
201-9150, Toll Free at (888) 773-9224, by e-mail to
shareholders@glancylaw.com, or visit our website at
http://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.
Glancy Binkow & Goldberg LLP, Los Angeles, CALesley
Portnoy310-201-9150888-773-9224shareholders@glancylaw.comwww.glancylaw.com
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