BENSALEM, Pa.--(BUSINESS WIRE)--Law Offices of Howard G. Smith announces an investigation on behalf of investors of AAC Holdings, Inc. (“AAC Holdings” or the “Company”) (NYSE:AAC) securities. The investigation focuses on whether the Company and its officers violated securities laws by issuing misleading information to investors related to the Company’s risks and liabilities and AAC Holdings’ employees involvement in the alleged murder of a AAC Holdings patient.
On August 4, 2015, news reports revealed that several AAC Holdings employees have been named in a criminal indictment alleging murder charges for the death of a former AAC Holdings patient. The employees allegedly named as defendants for the death of the former patient are the AAC Holdings former president, Jerrod Menz, a former board member, a current employee and three former employees. On news of these criminal charges, AAC Holdings common stock has declined sharply in value, falling $12.07 per share, or nearly 40%, during intra-day trading.
If you purchased or otherwise acquired AAC Holdings securities, have information or would like to learn more about these claims, or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Howard G. Smith, Esquire, of Law Offices of Howard G. Smith, 3070 Bristol Pike, Suite 112, Bensalem, Pennsylvania 19020 by telephone at (215) 638-4847, toll-free at (888) 638-4847, or by email to firstname.lastname@example.org, or visit our website at http://www.howardsmithlaw.com.
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