Faruqi & Faruqi, LLP is Investigating Advanced Emissions Solutions, Inc. (ADES) on Behalf of its Shareholders
Faruqi & Faruqi, LLP, a leading national securities law firm, is investigating potential wrongdoing at Advanced Emissions Solutions, Inc. (“Advanced Emissions” or the “Company”) (NasdaqCM: ADES).
The investigation focuses on whether the Company and its officers breached their fiduciary duties by causing or allowing Advanced Emissions to engage in the wrongful recording of Company financial records.
On March 13, 2014, Advanced Emissions announced that it was reviewing its accounting practices and expected that the review would result in increased operating losses. Then on April 24, 2014, the Company announced it was unable to file its Annual Report on Form 10-K for the fiscal year ended December 31, 2013, and acknowledged that it had found a "material weakness related to its internal controls for recognizing revenue for its systems and equipment contracts in the Emissions Control business segment."
The restatements have jeopardized Advanced Emission’s public listing. On October 22, 2014, the Company announced that NASDAQ had granted a stay on delisting pending the Company’s hearing process.
If you currently own Advanced Emissions stock and would like to discuss your legal rights, please contact us by calling Stuart Guber toll free at (215) 277-5770 or by sending an e-mail to firstname.lastname@example.org. Faruqi & Faruqi, LLP also encourages anyone with information regarding Advanced Emissions’s conduct to contact the firm, including whistleblowers, former employees, shareholders and others.
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Stuart J. Guber
Faruqi & Faruqi, LLP
101 Greenwood Avenue Suite 600
Jenkintown, PA 19046
Tel: (215) 277-5770
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