WAYNE, Pa., Aug. 21, 2015 /PRNewswire/ -- Ryan & Maniskas, LLP has commenced an investigation into potential securities law violations by certain officers of AAC Holdings, Inc. ("AAC" or the "Company") (NYSE: AAC).
AAC shareholders who purchased shares should contact Richard A. Maniskas, Esquire at 877-316-3218 or at firstname.lastname@example.org to learn more about this investigation or visit: www.rmclasslaw.com/cases/aac.
The investigation concerns whether AAC and certain of its officers and/or directors have violated Sections 10(b) and 20(a) of the Securities Exchange Act of 1934 and/or breached their fiduciary duties to the AAC's shareholders.
On July 29, 2015, the Company disclosed that the California Department of Justice had indicted its president, Jerrod Menz ("Menz"), in addition to four current and former employees, and two subsidiaries for murder. This was the first time the Company had publicly acknowledged it was being investigated. On the news, Menz, stepped down from his role as president and board member.
The indictment arises out of the death of a patient at an AAC addiction treatment center. On August 4, 2015, a post on the investing website seekingalpha.com, asserted that the Company had reason to know as far back as 2013 that it and its employees and subsidiaries were the subject of a murder investigation.
If you own AAC shares and would like to learn more about these claims or if you wish to discuss these matters and have any questions concerning this announcement or your rights, contact Richard A. Maniskas, Esquire toll-free: (877) 316-3218 or visit: www.rmclasslaw.com/cases/smci. You may also email Mr. Maniskas at email@example.com. For more information about class action cases in general, please visit our website: www.rmclasslaw.com.
Ryan & Maniskas, LLP is a national shareholder litigation firm. Ryan & Maniskas, LLP is devoted to protecting the interests of individual and institutional investors in shareholder actions in state and federal courts nationwide.
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