EQUITY ALERT: Rosen Law Firm Announces Filing of Class Action Lawsuit Against AAC Holdings, Inc. -- AAC
September 29 2015 - 4:23PM
Rosen Law Firm, a global investor rights law firm, announces that a
class action lawsuit has been filed on behalf of all purchasers of
AAC Holdings, Inc. (NYSE:AAC) securities from October 2, 2014
through August 3, 2015, inclusive (the "Class Period"). The
lawsuit seeks to recover investors' losses under the federal
securities laws.
To join the AAC Holdings class action, go to the firm's website
at http://www.rosenlegal.com/cases-532.html or call Phillip Kim,
Esq. or Kevin Chan, Esq. toll-free at 866-767-3653 or email
pkim@rosenlegal.com or kchan@rosenlegal.com for information on the
class action.
NO CLASS HAS YET BEEN CERTIFIED IN THE ABOVE ACTION. UNTIL A
CLASS IS CERTIFIED, YOU ARE NOT REPRESENTED BY COUNSEL UNLESS YOU
RETAIN ONE. YOU MAY ALSO REMAIN AN ABSENT CLASS MEMBER AND DO
NOTHING AT THIS POINT. YOU MAY RETAIN COUNSEL OF YOUR CHOICE.
According to the lawsuit, Defendants throughout the Class Period
made false and misleading statements and failed to disclose
material information, including with respect to legal proceedings
brought against subsidiaries of AAC Holdings and one present and
several previous employees, including its President at the time,
Jerrod N. Menz. On August 3, 2015, AAC Holdings disclosed that
second degree murder and dependent adult abuse indictments had been
brought in California. Consequently, AAC's share price fell
significantly which damaged investors. The decrease in the days
after the disclosure of the indictments equaled approximately $153
million in market capitalization losses, or 39%, of AAC's
value.
If you wish to serve as lead plaintiff, you must move the Court
no later than October 23, 2015. A lead plaintiff is a
representative party acting on behalf of other class members in
directing the litigation. If you wish to join the litigation, go to
the firm's website at http://www.rosenlegal.com/cases-532.html or
to discuss your rights or interests regarding this class action,
please contact Phillip Kim, Esq. or Kevin Chan, Esq. of The Rosen
Law Firm toll-free at 866-767-3653 or via e-mail at
pkim@rosenlegal.com or kchan@rosenlegal.com.
Rosen Law Firm represents investors throughout the globe,
concentrating its practice in securities class actions and
shareholder derivative litigation.
CONTACT: Laurence Rosen, Esq.
Phillip Kim, Esq.
Kevin Chan, Esq.
The Rosen Law Firm, P.A.
275 Madison Avenue, 34th Floor
New York, NY 10016
Tel: (212) 686-1060
Toll Free: (866) 767-3653
Fax: (212) 202-3827
lrosen@rosenlegal.com
pkim@rosenlegal.com
kchan@rosenlegal.com
www.rosenlegal.com
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