HAVERFORD, Pa., March 24, 2015 (GLOBE NEWSWIRE) -- Chimicles & Tikellis LLP announces that it is investigating potential claims on behalf of investors who purchased securities of Advanced Emissions Solutions, Inc. ("ADES" or the "Company") prior to February 2, 2015, for potential violations of federal securities laws.
For more information, click here: http://www.chimicles.com/investigation-of-advanced-emissions-solutions-inc-ades-for-possible-securities-fraud
ADES is the holding company for a family of companies that provide emissions solutions primarily to the coal-fueled power plant industry. The Company derives its revenue from the sale of refined coal and from two types of "systems" – Activated Carbon Injection and Dry Sorbent Injection. Since April of 2014, the Company has made a series of disclosures concerning material weaknesses in its financial reporting and then on January 29, 2015 the Company made several shocking disclosures including that KPMG resigned from its engagement to "re-audit" prior statements and prepare the 2014 financial statements, KPMG criticized management's handling of audits; and that ADES expected to delist from the NASDAQ. On this news, the stock price dropped 40%. ADES has since delisted and now trades on the OTC-pink sheets.
Among other things, our attorneys are investigating whether ADES, prior to February 2, 2015, had adequately disclosed to investors matters related to the Company's internal controls over financial reporting. If you possess information relevant to this investigation, or purchased stock in ADES prior to February 2, 2015 and would like to discuss your legal rights and options, please contact attorney Christina Saler by telephone at (610) 645-4714 or by email at cds@chimicles.com.
For over 30 years Chimicles & Tikellis has pursued hundreds of securities, consumer and shareholder rights cases and recovered billions of dollars for their clients. The firm is nationally recognized, and their litigators hold many professional honors and distinctions.
This notice may constitute attorney advertising. Prior results do not guarantee similar outcomes.