NEW YORK--(BUSINESS WIRE)--Kirby McInerney LLP is investigating potential claims against the Board of Directors of AAC Holdings, Inc. (“AAC” or the “Company”) (NYSE:AAC) concerning allegations the Company may have issued materially misleading business information to the public.
On March 3, 2015, SeekingAlpha published an article alleging that AAC has inflated its revenues and margins by conducting medically unnecessary testing. The article also alleges that the Company has boosted its net income by inappropriately changing the methodology by which it calculates its provision for doubtful accounts receivable.
On this news, shares of AAC fell $3.54 per share to $30.73, or more than 10.33%, in intraday trading on March 3, 2015.
If you are an AAC stockholder and wish to obtain additional information, please contact J. Brandon Walker, Esq. by email at firstname.lastname@example.org, or telephone at (212) 699-1145, Melissa Fortunato, Esq. by email at email@example.com, or telephone at (212) 699-1141, or toll free at (888) 529-4787, or by filling out this contact form. There is no cost or obligation to you.
Kirby McInerney LLP is a New York-based law firm concentrating in securities, whistleblower, antitrust and consumer litigation. For additional information, please go to www.kmllp.com.