NEW YORK, Dec. 9, 2014 /PRNewswire/ -- 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.
Request more information now by clicking
here: www.faruqilaw.com/ADES. There is no cost or obligation
to you.
Take Action
If you currently own Advanced Emissions stock and would like to
discuss your legal rights, please visit
www.faruqilaw.com/ADES. You can also contact us by
calling Stuart Guber toll free at
(215) 277-5770 or by sending an e-mail to
sguber@faruqilaw.com. Faruqi & Faruqi, LLP also encourages
anyone with information regarding Advanced Emissions's conduct to
contact the firm, including whistleblowers, former employees,
shareholders and others.
Attorney Advertising. The law firm responsible for this
advertisement is Faruqi & Faruqi, LLP
(www.faruqilaw.com). Prior results do not guarantee or predict
a similar outcome with respect to any future matter. We
welcome the opportunity to discuss your particular case. All
communications will be treated in a confidential manner.
FARUQI & FARUQI, LLP
101 Greenwood Avenue Suite 600
Jenkintown, PA 19046
Attn: Stuart Guber
sguber@faruqilaw.com
Telephone: (215) 277-5770
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