NEW YORK, Aug. 20, 2015 /PRNewswire/ -- Harwood Feffer LLP (www.hfesq.com) is investigating potential claims against the board of directors of AAC Holdings, Inc. ("AAC" or the "Company") (NYSE: AAC), concerning whether the board has breached its fiduciary duties to 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.
Our investigation concerns whether the Company board of directors has breached its fiduciary duties to shareholders, grossly mismanaged the Company, and/or committed abuses of control in connection with the foregoing.
If you own AAC shares and wish to discuss this matter with us, or have any questions concerning your rights and interests with regard to this matter, please contact:
Robert I. Harwood, Esq. Benjamin I. Sachs-Michaels, Esq. Harwood Feffer LLP 488 Madison Avenue New York, New York 10022 Phone Numbers: (877) 935-7400 (212)935-7400 Email: firstname.lastname@example.org Website: http://www.hfesq.com Follow us on Twitter: @HarwoodFeffer
Harwood Feffer has been representing individual and institutional investors for many years, serving as lead counsel in numerous cases in federal and state courts. Please visit the Harwood Feffer LLP website (http://www.hfesq.com) for more information about the firm.
The law firm responsible for this advertisement is Harwood Feffer LLP (www.hfesq.com). Prior results do not guarantee or predict a similar outcome with respect to any future matter.
SOURCE Harwood Feffer LLP