NEW YORK--(BUSINESS WIRE)--The law firm of Wohl & Fruchter LLP is investigating possible violations of federal securities laws by officers and directors of AAC Holdings, Inc. (AAC) (NYSE: AAC).
AAC provides inpatient substance abuse treatment services for individuals with drug and alcohol addictions.
On March 3, 2015, SeekingAlpha published an article alleging that AAC has inflated its revenues and margins by conducting medically unnecessary urine testing. Additionally, the article alleges that AAC has boosted its net income by inappropriately changing the methodology by which it calculates its provision for doubtful accounts receivable.
Following the release of the above article, AAC shares fell over 10% in trading on March 3, 2015.
Persons with relevant information, and AAC shareholders with questions about this investigation, are invited to contact the attorney below, or our Firm by calling 866.833.6245.
Additional information is available on our website at: http://www.wohlfruchter.com/cases/aac.
About Wohl & Fruchter
Wohl & Fruchter LLP represents plaintiffs in litigation arising from fraud and other fiduciary breaches by corporate managers, as well as other complex litigation matters. Please visit our website, www.wohlfruchter.com, to learn more about our Firm, or contact one of our partners.
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