NEW YORK, Aug. 4, 2015 /PRNewswire/ -- Tripp Levy PLLC, a leading national securities law firm, announces that it is investigating potential securities claims on behalf of investors of AAC Holdings, Inc. (NYSE: AAC) resulting from allegations that AAC may have issued materially misleading business information to the investing public.
On August 4, 2015, AAC announced that its former president has been indicted on a second-degree murder charge. The indictment relates to the death of a patient in 2010 at American Addiction Centers, to which AAC is a parent company. The indictment was brought against three former AAC employees, AAC president Jerrod Menz, and a current employee. Menz stepped down from his role as president, as well as from the board of directors, following the news.
On the announcement, shares of AAC fell as much as 53%, the biggest drop since AAC went public in October 2014. Trading on the stock has been temporarily halted.
If you purchased shares of AAC and have suffered a loss from your investment in AAC common stock and would like to learn more about this investigation, including your ability to potentially recover your losses, please contact us either by email at firstname.lastname@example.org or by telephone at (800) 511-7037 or visit our website at www.tripplevy.com.
Tripp Levy PLLC is a leading national securities and shareholder rights law firm representing both individual and institutional shareholders and, along with its affiliate, have recovered billions of dollars for shareholders. Tripp Levy PLLC is affiliated with Milberg LLP. The National Law Journal has named Milberg one of the "50 Elite Trial Lawyer Firms" and one of the "50 Leading Plaintiff Firms in America."
Attorney advertising. Prior results do not indicate a similar outcome.
SOURCE Tripp Levy PLLC