On April 16, 2019, AAC said that it would be correcting errors in its financial statements concerning revenue, estimates of accounts receivable, and provision for doubtful accounts. After the announcement, the price of AAC’s stock fell more than 18%.
If you owned shares of AAC and have suffered a loss with this company, you may be able to recover some of your losses.
AAC raised $65 million in its initial public offering in 2014. Managers for the public offering were William Blair and Raymond James, and the co-manager was Avondale Partners.
If you were AAC Holdings shareholder and want to learn more about your legal rights, contact the Silver Law Group.
Silver Law Group represents the interests of investors who have been the victims of investment fraud. Our attorneys represent investors in class actions against issuers in state or federal court and investors in securities arbitration claims against Wall Street firms for stockbroker misconduct. Scott Silver is the chairman of the Securities and Financial Fraud Group of the American Association of Justice and represents investors nationwide in securities investment fraud cases. Please contact Scott Silver of the Silver Law Group for a free consultation at ssilver@silverlaw.com or toll free at (800) 975-4345.