GPM Announces the Filing of a Securities Class Action on Behalf of AAC Holdings, Inc. Investors
October 12 2015 - 11:42AM
Business Wire
Glancy Prongay & Murray LLP (“GPM”) announces the filing of
a class action lawsuit on behalf of investors of AAC Holdings, Inc.
(“AAC Holdings” or the “Company”) (NYSE:AAC) securities between
October 2, 2014 and August 3, 2015, inclusive (the “Class Period”).
AAC Holdings investors have until October 23, 2015 to file a
lead plaintiff motion. Investors with losses of over $1,000,000 are
encouraged to contact GPM to discuss their legal rights.
On August 4, 2015, news reports revealed that several AAC
Holdings employees have been named in a criminal indictment
alleging murder charges for the death of a former AAC Holdings
patient. The employees allegedly named as defendants for the death
of the former patient are the AAC Holdings former president, Jerrod
Menz, a former board member, a current employee and three former
employees. On news of these criminal charges, AAC Holdings common
stock has declined sharply in value, falling $12.07 per share, or
nearly 40%, during intra-day trading on August 4, 2015.
The Complaint alleges that throughout the Class Period,
Defendants made false and/or misleading statements, as well as
failed to disclose material adverse facts about the Company's
business, operations, and prospects including with respect to legal
proceedings brought against subsidiaries of the Company and several
former and current employees, including its President at the time,
Jerrod N. Menz.
If you purchased shares of AAC Holdings during the Class Period,
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, 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
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.
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version on businesswire.com: http://www.businesswire.com/news/home/20151012005850/en/
Glancy Prongay & Murray, Los AngelesLesley Portnoy,
310-201-9150 or
888-773-9224shareholders@glancylaw.comwww.glancylaw.com
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