Shareholder Rights Law Firm Johnson & Weaver, LLP is investigating
potential violations of federal securities laws by Advanced Emissions
Solutions, Inc. (NASDAQ: ADES) and certain of its officers. Advanced
Emissions provides environmental technologies and specialty chemicals to
the coal-burning electric power generation industry.
Specifically, Johnson & Weaver’s investigation seeks to determine
whether shareholders were misled by certain statements the Company made
regarding its financial reporting, business outlook and prospects.
On April 24, 2014, Advanced Emissions revealed that it would not be able
to file its Annual Report with the Securities and Exchange Commission
(“SEC”) for the fiscal year ended Dec 31, 2013. This news came after a
March 13, 2014 announcement that the SEC was reviewing the Company’s
accounting practices, including its methods of recognizing revenue. On
January 29, 2015, Advanced Emissions disclosed that KPMG LLP resigned as
the Company's independent accounting firm.
On the news, Advanced Emissions stock has plummeted more than 49% in
early morning trading at $9.81 on January 29, 2015.
If you are an Advanced Emissions shareholder and are interested in
learning more about the investigation or your legal rights and remedies,
please contact Jim Baker (jimb@johnsonandweaver.com)
at 619-814-4471. If you email, please include your phone number.
About Johnson & Weaver, LLP:
Johnson & Weaver, LLP is a nationally recognized shareholder rights law
firm with offices in California, New York and Georgia. The firm
represents individual and institutional investors in shareholder
derivative and securities class action lawsuits. For more information
about the firm and its attorneys, please visit http://www.johnsonandweaver.com.
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Copyright Business Wire 2015