ALERT: The Rosen Law Firm Continues Investigation of Securities Claims against AAC Holdings, Inc. – AAC

The Rosen Law Firm, a global investor rights law firm, announces that it is continuing to investigate potential securities claims on behalf of shareholders of AAC Holdings, Inc. (NYSE:AAC) resulting from allegations that AAC Holdings, also known as American Addiction Centers, may have issued materially misleading business information to the investing public.

On March 3, 2015, SeekingAlpha published an article asserting, among other things, that AAC Holdings: (i) conducts unnecessary urine drug tests that contribute to its outsized margins; and (ii) lowered its provision for doubtful accounts after acquiring a revenue management company from its CEO and president’s spouses, which boosted its net income before its IPO. On this news, shares of AAC Holdings fell $3.54 per share or over 10% from its previous closing price to close at $30.37 per share on March 3, 2015, damaging investors.

The Rosen Law Firm is preparing a class action lawsuit to recover losses suffered by AAC Holdings investors. If you purchased shares of AAC Holdings before March 3, 2015, please visit the firm’s website at http://rosenlegal.com/cases-532.html for more information. You may also contact Phillip Kim, Esq. or Kevin Chan, Esq. of The Rosen Law Firm toll free at 866-767-3653 or via email at pkim@rosenlegal.com or kchan@rosenlegal.com.

The Rosen Law Firm represents investors throughout the globe, concentrating its practice in securities class actions and shareholder derivative litigation.

Attorney Advertising. Prior results do not guarantee a similar outcome.

Contacts:

The Rosen Law Firm, P.A.
Laurence Rosen, Esq.
Phillip Kim, Esq.
Kevin Chan, Esq.
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

Data & News supplied by www.cloudquote.io
Stock quotes supplied by Barchart
Quotes delayed at least 20 minutes.
By accessing this page, you agree to the following
Privacy Policy and Terms and Conditions.