Shareholders Foundation, Inc.

Investigation for Long-Term Investors in Shares of AAC Holdings Inc (NYSE:AAC) Announced

An investigation on behalf of investors in AAC Holdings Inc (NYSE:AAC) shares over potential wrongdoing at AAC Holdings was announced and NYSE:AAC stockholders should contact the Shareholders Foundation.

 

San Diego, CA -- (SBWIRE) -- 09/07/2016 -- An investigation on behalf of investors in shares of AAC Holdings Inc (NYSE:AAC) was announced over potential breaches of fiduciary duties by certain officers and directors at AAC Holdings.

Investors who purchased shares of AAC Holdings Inc (NYSE:AAC) and currently hold any of those NYSE:AAC shares have certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call 858-779-1554.

The investigation by a law firm concerns whether certain AAC Holdings directors breached their fiduciary duties and caused damage to the company and its shareholders.

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 August 24, 2015, a lawsuit was filed against AAC Holdings Inc over alleged securities laws violations. The plaintiff claimed that between October 2, 2014 and August 3, 2015 defendants made allegedly false and misleading statements and allegedly failed to disclose material information, including with respect to legal proceedings brought against subsidiaries of AAC Holdings Inc and several former and one current employees, including its President at the time, Jerrod N. Menz.

Those who purchased shares of AAC Holdings Inc have certain options and should contact the Shareholders Foundation.

Contact:
Shareholders Foundation, Inc.
Michael Daniels
3111 Camino Del Rio North - Suite 423
92108 San Diego
Phone: +1-(858)-779-1554
Fax: +1-(858)-605-5739
mail@shareholdersfoundation.com