Energy News / Shareholders Foundation, Inc.

NYSE:AAC Long-Term Investor Alert: Investigation of Potential Wrongdoing at AAC Holdings, Inc.

Via: ReleaseWire

Updated 11:00 AM CDT, Fri, September 20,2019

An investigation on behalf of current long term investors in AAC Holdings, Inc. (NYSE: AAC) shares over possible breaches of fiduciary duty by certain officers and directors was announced.

San Diego, CA -- (SBWIRE) -- 09/20/2019 -- Certain directors of AAC Holdings, Inc. are under investigation concerning potential breaches of fiduciary duties.

Investors who are current long term investors in AAC Holdings, Inc. (NYSE: AAC) shares, have certain options and should contact the Shareholders Foundation at or call +1(858) 779 - 1554.

The investigation by a law firm for current long term investors in NYSE: AAC stocks follows a lawsuit filed against AAC Holdings, Inc. over alleged securities laws violations. The investigation on behalf of current long term investors in NYSE: AAC stocks, concerns whether certain AAC Holdings directors are liable in connection with the allegations made in that lawsuit.

According to that complaint filed in the U.S. District Court for the Middle District of Tennessee the plaintiff alleges that the Defendants made false and/or misleading statements and/or failed to disclose that AAC's internal control over financial reporting and disclosure controls and procedures was inadequate to accurately reflect adjustments related to estimates for accounts receivable, provision for doubtful accounts, and revenue, that AAC consequently misstated financial and operating results in its annual reports for fiscal years 2016 and 2017, as well as all quarterly reports throughout 2017 and 2018, that accordingly, those reports could not be relied upon, requiring AAC to restate the financial and operating results reflected therein, and that as a result, the Company's public statements were materially false and misleading at all relevant times.

Those who purchased shares of AAC Holdings, Inc. (NYSE: AAC) have certain options and should contact the Shareholders Foundation.

Shareholders Foundation, Inc.
Michael Daniels
3111 Camino Del Rio North - Suite 423
92108 San Diego
Phone: +1-(858)-779-1554
Fax: +1-(858)-605-5739

About Shareholders Foundation, Inc.
The Shareholders Foundation, Inc. is a professional portfolio monitoring and settlement claim filing service, , which does research related to shareholder issues and informs investors of securities class actions, settlements, judgments, and other legal related news to the stock/financial market. Shareholders Foundation, Inc. is in contact with a large number of shareholders and offers help, support, and assistance for every shareholder. The Shareholders Foundation, Inc. is not a law firm. Referenced cases, investigation, and/or settlements are not filed/reached and/or related to Shareholders Foundation. The information is provided as a public service. It is not intended as legal advice and should not be relied upon.

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Media Relations Contact
Michael Daniels
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