AAC SHAREHOLDER ALERT BY FORMER LOUISIANA ATTORNEY GENERAL: Kahn Swick & Foti, LLC Reminds Investors With Losses in Excess of...
September 21 2015 - 8:46PM
Kahn Swick & Foti, LLC ("KSF") and KSF partner, the former
Attorney General of Louisiana, Charles C. Foti, Jr., remind
investors that they have until October 23, 2015 to file lead
plaintiff applications in a securities class action lawsuit against
AAC Holdings, Inc. (NYSE:AAC) if they purchased the Company’s
securities between October 2, 2014 and August 3, 2015, inclusive
(the “Class Period”). This action is pending in the United States
District Court for the Middle District of Tennessee.
What You May Do
If you purchased shares of AAC and would like to
discuss your legal rights and how this case might affect you and
your right to recover for your economic loss, you may, without
obligation or cost to you, call toll-free at 1-877-515-1850 or
email KSF Managing Partner Lewis Kahn (lewis.kahn@ksfcounsel.com).
If you wish to serve as a lead plaintiff in this class action, you
must petition the Court by October 23, 2015.
About the Lawsuit
AAC and certain of its executives are charged
with failing to disclose material information during the Class
Period, violating federal securities laws.
On July 29, 2015, an indictment returned by a
grand jury related to an investigation by the California Department
of Justice into to the death of a patient in 2010 at an AAC
subsidiary was unsealed. The indictment brings charges against
subsidiaries of AAC and two current and three former employees.
Then, on August 4, 2015, AAC disclosed that its
former president was one of the individuals indicted. Also on
August 4, 2015, an article by Bleecker Street Research claimed that
AAC had reason to know in 2013 about the criminal investigation
that led to the indictment, but AAC failed to disclose it.
On this news, the price of AAC’s shares
plummeted.
About Kahn Swick & Foti, LLC
To learn more about KSF, whose partners include
the Former Louisiana Attorney General, Charles C. Foti, Jr., and
other lawyers with significant experience litigating complex
securities class actions nationwide on behalf of both institutional
and individual shareholders, you may visit www.ksfcounsel.com.
Contact:
Kahn Swick & Foti, LLC
Lewis Kahn, Managing Partner
lewis.kahn@ksfcounsel.com
1-877-515-1850
206 Covington St.
Madisonville, LA 70447
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