BOSTON, March 2, 2017 /PRNewswire/ -- Block & Leviton LLP (www.blockesq.com), a securities litigation firm representing investors nationwide, is investigating whether Adeptus Health Inc. ("Adeptus" or the "Company") (NYSE: ADPT) and certain of its officers and directors violated federal securities laws following the Company's announcement that it will not timely file it's 2016 financial results due to "material weaknesses" in its financial reporting.
On March 2, 2017, Adeptus' stock plunged nearly 60% on the Company's announcement that it is not able to timely file its full year 2016 financial results, citing "material weaknesses with respect to internal control over financial reporting of revenue recognition, accounts receivable, accounting for a contribution to an unconsolidated joint venture, and accounting for equity in (loss) earnings of unconsolidated joint ventures." Adeptus went on to say that the Company has "substantial doubt" about its ability to continue as a going concern absent securing committed long-term financing.
If you purchased or otherwise acquired Adeptus securities and have questions about your legal rights or possess information relevant to this investigation, please contact attorney Bradley Vettraino at (617) 398-5600, by email at firstname.lastname@example.org, or by visiting www.blockesq.com/adeptus.
Confidentiality to whistleblowers or others with information relevant to this investigation is assured.
Block & Leviton LLP is a Boston-based law firm representing investors nationwide. The firm's lawyers have collectively been prosecuting securities cases on behalf of individual and institutional investors for over 50 years, and have recovered billions of dollars on their behalf. Block & Leviton's investigations into corporate wrongdoing were recently covered by the New York Times.
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Block & Leviton LLP
Bradley J. Vettraino
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Boston, MA 02110
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SOURCE Block & Leviton LLP