The Rosen Law Firm, a global investor rights law firm, announces that it
has filed a class action lawsuit on behalf of purchasers of Advanced
Drainage Systems, Inc. (NYSE:WMS) securities from September 5, 2014
through July 14, 2015, all dates inclusive (the “Class Period”). The
lawsuit seeks to recover damages for Advanced Drainage Systems investors
under the federal securities laws.
To join the Advanced Drainage Systems class action, go to the website at http://www.rosenlegal.com/cases-667.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. The lawsuit is pending in U.S.
District Court for the Southern District of New York.
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, throughout the Class Period defendants issued
materially false and misleading statements to investors and/or failed to
disclose that: (1) Advanced Drainage Systems’ inventory values and cost
of sales were misstated; (2) Advanced Drainage Systems’ transportation
and equipment leases should be recorded as capital leases; and (3) as a
result, Advanced Drainage Systems’ financial statements were materially
false and misleading at all relevant times. When the true details
entered the market, the lawsuit claims that investors suffered damages.
A class action lawsuit has already been filed. If you wish to serve as
lead plaintiff, you must move the Court no later than September 28,
2015. If you wish to join the litigation, go to http://www.rosenlegal.com/cases-667.html
or to discuss your rights or interests regarding this class action,
please contact Phillip Kim, Esq. or Kevin Chan, Esq. of The Rosen Law
Firm toll free at 866-767-3653 or via e-mail at pkim@rosenlegal.com
or kchan@rosenlegal.com.
The Rosen Law Firm represents investors throughout the globe,
concentrating its practice in securities class actions and shareholder
derivative litigation.
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