Information for Investors Who Lost Money in AAC Holdings, Inc. (AAC)

investors-who-lost-money-in-aac-holdings-incAAC Holdings, Inc. (AAC) is a publicly traded company that operates substance abuse centers and provides certain outpatient mental health services.

Recently, major questions have been raised related to the financial information provided by the company.

Indeed, as reported by the Nashville Business Journal, the Brentwood, Tennessee-based AAC Holdings is facing an ongoing investigation from the Securities and Exchange Commission (SEC).

AAC Holdings: Recent Financial Statements May Be Unreliable

As part of a wider SEC investigation into the financial and accounting practices of AAC Holdings, the company has been forced to provide new disclosures to investors.

Specifically, in April of 2019, AAC Holdings announced that errors in previous financial statements were being corrected. Currently, revised financial information has been provided for 2017 and 2018.

Among other things, the misstatements made in previous financial reports released by AAC Holdings had an impact on the company’s reported revenue and on its future estimates.

This could have serious ramifications for investors. Notably, based on information obtained from Yahoo Finance, the AAC Holdings stock price is down by approximately 50 percent since February. Investors should carefully monitor this situation.

Get Help From Our Securities Fraud Attorneys Right Away

At Sonn Law Group, our investment fraud attorneys work directly with investors. We handle all types of securities fraud claims, and we are dedicated to helping our clients recover financial compensation for investment losses. To arrange a free review of your case, please contact us today.

Disclaimer: This article contains opinions and NOT statements of fact in any way whatsoever. The information here is general information that should not be taken as legal advice. NO attorney-client relationship is established between you and our attorneys by reading this article. This article is attorney advertising and should not be used as a substitute for legal advice from a qualified securities lawyer.

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