SAN DIEGO and HIGHLANDS RANCH, Colo., March 28, 2014 /PRNewswire/ -- Shareholder rights law firm Robbins Arroyo LLP is investigating potential violations of federal securities laws on behalf of investors of Advanced Emissions Solutions, Inc. (NASDAQ: ADES). Advanced Emissions provides environmental technologies and specialty chemicals to the coal-burning electric power generation industry.
Advanced Emission Shares Fall on Review of Accounting Practices
Shares of Advanced Emissions fell $1.66, or 6.1%, to close at $25.45 on March 13, 2014, following news that the company is conducting a review of its accounting practices. On that day, Advanced Emissions issued a press release announcing that its revenue recognition methods for its Emission Control Business segments contracts were under review and that as a result thereof, the company anticipates that its reported operating losses will increase. Subsequently, on March 18, 2014, the company filed a Notification of Late Filing with the U.S. Securities and Exchange Commission. In that disclosure, Advanced Emissions revealed that the company may have a material weakness related to its revenue recognition.
Advanced Emission Shareholders Are Encouraged to Contact Shareholder Rights Law Firm Robbins Arroyo LLP
If you invested in Advanced Emission and would like to discuss your shareholder rights, please contact attorney Darnell R. Donahue at (800) 350-6003, DDonahue@robbinsarroyo.com, or via the information form on the firm's shareholder rights blog: www.robbinsarroyo.com/shareholders-rights-blog/advanced-emissions-solutions
Robbins Arroyo LLP is a nationally recognized leader in securities litigation and shareholder rights law. The firm represents individual and institutional investors in shareholder derivative and securities class action lawsuits, and has helped its clients realize more than $1 billion of value for themselves and the companies in which they have invested.
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SOURCE Robbins Arroyo LLP