BOSTON, Oct. 13, 2015 /PRNewswire/ -- Block &
Leviton LLP (www.blockesq.com), a securities litigation firm
representing investors nationwide, reminds investors of the
upcoming deadline in the pending securities litigation against AAC
Holdings, Inc. ("AAC" or the "Company") (NYSE: AAC) and
certain of its officers and directors, for violations of the
Federal Securities Laws.
Block & Leviton filed the first case against the Company,
which is pending in the United District Court for the Middle
District of Tennessee, Case Number
3:15-cv-00923. If you have questions about the lawsuit,
possess information relevant to this investigation, or seek
information about any of the foregoing, please contact attorney
Steven Harte, at (617) 398-5600 or
email him at Steven@blockesq.com. The Complaint was brought
on behalf of all investors who purchased or otherwise acquired
AAC's securities (the "Class") between October 2, 2014 and August
3, 2015 (the "Class Period").
The action seeks to recover damages on behalf of all Class
members. If you are a shareholder who purchased securities of
AAC between October 2, 2014 and
August 3, 2015, you have until
October 23, 2015 to seek appointment
as a lead plaintiff in this action. This deadline is mandated
by federal law and cannot be extended. Your ability to share
in any recovery is not, however, affected by the decision to serve
or seek appointment as lead plaintiff.
The Complaint alleges that, throughout the Class Period,
defendants made false and misleading statements and failed to
disclose material information, including with respect to legal
proceedings brought against a subsidiary of the Company and some of
its now former employees, including its President at the time
Jerrod N. Menz. On
August 3, 2015, the Company revealed
that second degree murder and dependent adult abuse indictments had
been brought in California. This news caused AAC's share
price to drop substantially, harming investors. The drop in
the days following the disclosure of the indictments equaled
approximately $153 million, or 49%,
of AAC's value.
This notice may constitute attorney advertising.
Contact:
BLOCK & LEVITON LLP
Steven Harte, Esq.
(617) 398-5600
Steven@blockesq.com
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SOURCE Block & Leviton LLP