NEW YORK, Oct. 08, 2015 (GLOBE NEWSWIRE) -- Rosen Law Firm, a global investor rights law firm, reminds purchasers of AAC Holdings, Inc. securities (NYSE:AAC) from October 2, 2014 through August 3, 2015 of the important October 23, 2015 lead plaintiff deadline in the class action. 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 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 against certain of the Company's subsidiaries and employees, including the Company's former President and Director, Jerrod Menz. 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.
A class action lawsuit has already been filed. 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 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.