An investigation for investors in American Capital Ltd. (NASDAQ:ACAS) shares over potential securities laws violations by American Capital was announced.
Investors who purchased shares of American Capital Ltd. (NASDAQ:ACAS), 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 focuses on whether a series of statements by American Capital regarding its business, its prospects and its operations were materially false and misleading at the time they were made.
American Capital Ltd. reported that its annual Total Revenue declined from $487 million in 2013 to $471 million in 2014 while its Net Income rose from $184 million in 2013 to $434 million in 2014.
Shares of American Capital Ltd. (NASDAQ:ACAS) grew from $12.05 per share in late September 2015 to as high as $15.65 per share in late November 2015.
On December 10, 2015, a report was published asserting, among other things, that certain tax documents could suggest American Capital’s acquisition of Service Experts was a fraudulent transaction, that American Capital’s subsidiary paid an unnamed employee $140 million over the course of three years, and that the $140 million payment was structured in a manner that hid it from American Capital shareholders.
On January 4, 2016, NASDAQ:ACAS shares closed at $14.28 per share.
Those who purchased shares of American Capital Ltd. (NASDAQ:ACAS) have certain options and should contact the Shareholders Foundation.
Shareholders Foundation, Inc.
3111 Camino Del Rio North – Suite 423
92108 San Diego