EQUITY ALERT: The Rosen Law Firm Files Securities Class Action Lawsuit Against Advanced Drainage Systems, Inc. – WMS
July 29 2015 - 6:00PM
Business Wire
The Rosen Law Firm, a global investor rights law firm, announces
that it has filed a class action lawsuit on behalf of purchasers of
Advanced Drainage Systems, Inc. (NYSE:WMS) securities from
September 5, 2014 through July 14, 2015, all dates inclusive (the
“Class Period”). The lawsuit seeks to recover damages for Advanced
Drainage Systems investors under the federal securities laws.
To join the Advanced Drainage Systems class action, go to the
website at http://www.rosenlegal.com/cases-667.html or call Phillip
Kim, Esq. or Kevin Chan, Esq. toll-free at 866-767-3653 or email
pkim@rosenlegal.com or kchan@rosenlegal.com for information on the
class action. The lawsuit is pending in U.S. District Court for the
Southern District of New York.
NO CLASS HAS YET BEEN CERTIFIED IN THE ABOVE ACTION. UNTIL A
CLASS IS CERTIFIED, YOU ARE NOT REPRESENTED BY COUNSEL UNLESS YOU
RETAIN ONE. YOU MAY ALSO REMAIN AN ABSENT CLASS MEMBER AND DO
NOTHING AT THIS POINT. YOU MAY RETAIN COUNSEL OF YOUR CHOICE.
According to the lawsuit, throughout the Class Period defendants
issued materially false and misleading statements to investors
and/or failed to disclose that: (1) Advanced Drainage Systems’
inventory values and cost of sales were misstated; (2) Advanced
Drainage Systems’ transportation and equipment leases should be
recorded as capital leases; and (3) as a result, Advanced Drainage
Systems’ financial statements were materially false and misleading
at all relevant times. When the true details entered the market,
the lawsuit claims that investors suffered damages.
A class action lawsuit has already been filed. If you wish to
serve as lead plaintiff, you must move the Court no later than
September 28, 2015. If you wish to join the litigation, go to
http://www.rosenlegal.com/cases-667.html or to discuss your rights
or interests regarding this class action, please contact Phillip
Kim, Esq. or Kevin Chan, Esq. of The Rosen Law Firm toll free at
866-767-3653 or via e-mail at pkim@rosenlegal.com or
kchan@rosenlegal.com.
The Rosen Law Firm represents investors throughout the globe,
concentrating its practice in securities class actions and
shareholder derivative litigation.
View source
version on businesswire.com: http://www.businesswire.com/news/home/20150729006836/en/
The Rosen Law Firm, P.A.Laurence Rosen, Esq.Phillip Kim,
Esq.Kevin Chan, Esq.275 Madison Avenue, 34th FloorNew York, NY
10016Tel: (212) 686-1060Toll Free: (866) 767-3653Fax: (212)
202-3827lrosen@rosenlegal.compkim@rosenlegal.comkchan@rosenlegal.comwww.rosenlegal.com
Advanced Drainage Systems (NYSE:WMS)
Historical Stock Chart
From Mar 2024 to Apr 2024
Advanced Drainage Systems (NYSE:WMS)
Historical Stock Chart
From Apr 2023 to Apr 2024