WAYNE, Pa., Jan. 30, 2015 /PRNewswire/ -- Ryan & Maniskas, LLP has commenced an investigation into potential securities law violations by certain officers of Advanced Emissions Solutions, Inc. ("Advanced Emissions" or the "Company") (NASDAQ: ADES).
If you purchased shares of Advanced Emissions 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 at (877) 316-3218 or to sign up online, visit: www.rmclasslaw.com/cases/ades. You may also email Mr. Maniskas at [email protected].
Advanced Emissions, together with its subsidiaries, provides environmental technologies and specialty chemicals to the coal-burning electric power generation industry primarily in the United States.
Today, the Company disclosed in its Current Report on Form 8-K that KPMG LLP ("KPMG") resigned as the Company's independent accounting firm. KPMG told the company that it had "inadequate management oversight" over financial reporting and "inadequate accounting resources." Advanced Emissions also stated it expects to have its shares delisted from the NASDAQ because it "does not believe that it can make the required financial filings and regain compliance."
On this news, shares of Advanced Emissions tumbled 46 percent to close at $10.61 per share.
If you own Advanced Emissions 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/ades. You may also email Mr. Maniskas at [email protected]. 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. To learn more about the class action process, please visit: www.rmclasslaw.com.
SOURCE Ryan & Maniskas, LLP