The Shareholders Foundation announces that an investigation on behalf of investors of Advanced Emissions Solutions, Inc. (NASDAQ:ADES) shares is ongoing over potential securities laws violations by Advanced Emissions Solutions, Inc. and certain of its directors and officers in connection certain financial statements
Investors who purchased shares of Advanced Emissions Solutions, Inc. (NASDAQ:ADES) have certain options and should contact the Shareholders Foundation at mail(at)shareholdersfoundation.com or call +1(858) 779 – 1554.
The investigation by a law firm focuses on possible claims on behalf of purchasers of the securities of Advanced Emissions Solutions, Inc. (NASDAQ:ADES) concerning whether a series of statements by Advanced Emissions Solutions, Inc. regarding its business, its prospects and its operations were materially false and misleading at the time they were made.
On March 13, 2014, Advanced Emissions Solutions, Inc. (NASDAQ:ADES) announced that it will reschedule its 2013 fourth quarter and year end news release and conference call. Advanced Emissions Solutions, Inc. said that it is currently reviewing its accounting practices, particularly its methods of recognizing revenue for its Emission Control business segment contracts and that it expects the result of this review will likely result in increased operating losses, primarily driven by a reduction of revenues and margins for its emission control segment with a corresponding increase in backlog for the same period.
Shares of Advanced Emissions Solutions, Inc. fell from $54.23 to $50.90 on March 13, 2014.
On March 17, 2014, Advanced Emissions Solutions, Inc shares split 2:1 and on March 28, 2014, NASDAQ:ADES shares closed at $22.53 per share.
Those who purchased shares of Advanced Emissions Solutions, Inc. have certain options and should contact the Shareholders Foundation.
Contact:
Shareholders Foundation, Inc.
Trevor Allen
3111 Camino Del Rio North – Suite 423
92108 San Diego
Phone: +1-(858)-779-1554
Fax: +1-(858)-605-5739
mail@shareholdersfoundation.com