Former United States Securities and Exchange Commission attorney Willie
Briscoe, founder of The
Briscoe Law Firm, PLLC, and the securities litigation firm of Powers
Taylor LLP announce that a federal class action lawsuit has been
filed against Advanced Emissions Solutions, Inc. (“Advanced Emissions”
or “Company”) (NasdaqCM: ADES) and several officers and directors for
acts taken during the period of March 14, 2013 to March 12, 2014 (the
“Class Period”).
Based upon the allegations in the class action, the firms are
investigating additional legal claims against the officers and Board of
Directors of Advanced Emissions. If you are an affected Advanced
Emissions shareholder and want to learn more about the lawsuit or join
the action, contact Willie Briscoe at The Briscoe Law Firm, PLLC, (214)
239-4568, or via email at WBriscoe@TheBriscoeLawFirm.com,
or Patrick Powers at Powers Taylor LLP, toll free (877) 728-9607, or via
e-mail at shareholder@powerstaylor.com.
There is no cost or fee to you.
In the complaint, the defendants are alleged to have violated certain
provisions of the Securities Exchange Act of 1934. Specifically, the
complaint alleges that the Defendants made false and or misleading
statements and or failed to disclose that the Company was utilizing
improper accounting practices, particularly with respect to its method
for recognizing revenue for its Emission Control business segment
contracts. As a result of these improper practices the Company would
have to restate its reported financial statements. Additionally, the
Company was experiencing increased operating losses, due to a reduction
of revenues and margins for is Emission Control segment with a
corresponding increase in backlog. As a result of the above, the
Company’s financial statements were materially false and misleading at
all relevant times.
The
Briscoe Law Firm, PLLC is a full service business litigation,
commercial transaction, and public advocacy firm with more than 20 years
of experience in complex litigation and transactional matters.
Powers
Taylor LLP is a boutique litigation law firm that handles a variety
of complex business litigation matters, including claims of investor and
stockholder fraud, shareholder oppression, shareholder derivative suits,
and security class actions.
Copyright Business Wire 2014