The Shareholders Foundation announces that an investigation on behalf of current long-term investors in shares of Advanced Emissions Solutions, Inc. (NASDAQ:ADES) shares was launched over potential breaches of fiduciary duties by certain officers and directors at Advanced Emissions Solutions.
Investors who purchased shares of Advanced Emissions Solutions, Inc. (NASDAQ:ADES) and currently hold any of those NASDAQ:ADES shares have certain options and should contact the Shareholders Foundation at email@example.com or call +1(858) 779 – 1554.
The investigation by a law firm concerns whether certain Advanced Emissions Solutions officers and directors breached their fiduciary duties and caused damage to the company and its shareholders.
On March 13, 2014, Advanced Emissions Solutions, Inc. announced that it will reschedule its 2013 fourth quarter and year end news release and conference call. Advanced Emissions Solutions, Inc. said that it is currently reviewing its accounting practices, particularly its methods of recognizing revenue for its Emission Control business segment contracts and that it expects the result of this review will likely result in increased operating losses, primarily driven by a reduction of revenues and margins for its emission control segment with a corresponding increase in backlog for the same period.
On April 24, 2014, Advanced Emissions Solutions, Inc announced that it is continuing with its accounting review and at this time is unable to file its Annual Report for the fiscal year ended December 31, 2013.
On October 22, 2014, Advanced Emissions Solutions, Inc announced that NASDAQ had granted a stay on delisting pending the Company’s hearing process.
Shares of Advanced Emissions Solutions, Inc closed on January 5, 2015, at $21.40 per share.
Those who purchased shares of Advanced Emissions Solutions, Inc. (NASDAQ:ADES) have certain options and should contact the Shareholders Foundation.
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