NEW YORK, Aug. 26, 2015 (GLOBE NEWSWIRE) -- The following statement is being issued by Levi & Korsinsky, LLP:
To: All persons or entities who purchased or otherwise acquired securities of Advanced Drainage Systems, Inc. ("Advanced Drainage") (NYSE:WMS) between September 5, 2014 and July 14, 2015.
You are hereby notified that a securities class action lawsuit has been commenced in the USDC for the Southern District of New York. If you purchased or otherwise acquired Advanced Drainage securities between September 5, 2014 and July 14, 2015, inclusive, your rights may be affected by this action. To get more information go to:
http://zlk.9nl.com/advanced-drainage
or contact Joseph E. Levi, Esq. either via email at jlevi@zlk.com or by telephone at (212) 363-7500, toll-free: (877) 363-5972. There is no cost or obligation to you.
According to the complaint, throughout the Class Period defendants issued materially false and misleading statements to investors and/or failed to disclose that: (1) Advanced Drainage's inventory values and cost of sales were misstated; (2) Advanced Drainage's transportation and equipment leases should be recorded as capital leases; and (3) as a result, Advanced Drainage's financial statements were materially false and misleading at all relevant times.
If you suffered a loss in Advanced Drainage you have until September 28, 2015 to request that the Court appoint you as lead plaintiff. Your ability to share in any recovery doesn't require that you serve as a lead plaintiff.
Levi & Korsinsky is a national firm with offices in New York, New Jersey, Connecticut and Washington D.C. The firm's attorneys have extensive expertise in prosecuting securities litigation involving financial fraud, representing investors throughout the nation in securities and shareholder lawsuits. Attorney advertising. Prior results do not guarantee similar outcomes.
CONTACT: Levi & Korsinsky, LLP
30 Broad Street - 24th Floor
New York, NY 10004
Tel: (212) 363-7500
Toll Free: (877) 363-5972
Fax: (212) 363-7171
www.zlk.com
