Advanced Emissions Solutions at center of class action claim

A litigation firm recently announced that it filed a securities class action lawsuit against an emission reduction company after allegations surfaced that the company violated federal securities laws.

Pomerantz, LLP, filed the litigation in the U.S. District Court for the District of Colorado against the leaders of Advanced Emissions Solutions, Inc. This action includes all shareholders who purchased interests in the company during the class period between March 14, 2013, and March 12, 2014.

The allegations center around the company violating the Securities Exchange Act of 1934, specifically Sections 10(b), 20(a) and Rule 10b-5. This was due to the company making statements that may have been false or misleading about a number of topics, including its potentially incorrect accounting practices. It also dealt with a rise in operating losses due to a lack of revenue, and had to revise its financial statements.

For shareholders who are looking to take up the lead plaintiff position, it is necessary to speak with the court and file all paperwork by July 30, 2014. Being in this position is not mandatory, but those who apply will need to be approved. It is still possible to remain an absent class member and take no action.

Anyone who wants to learn more about the lawsuit has an option to speak with the law office to gain this information. The best person to discuss these matters with is Robert Willoughby, and he can be reached by telephone or email. When contacting by email, it is important to inform the firm of the number of shares purchased, as well as the best mailing address and telephone number to contact.

Separate investigation begins
Another law office took steps to examine the alleged issues brought up against the leaders at Advanced Emissions Solutions. This also may develop into a class action claim down the line.

Johnson and Weaver, LLP, noted that it is looking into the allegations against the company, due to shareholders potentially being given misleading information about business operations.

It is also an option to discuss matters with this law firm. Shareholders can speak with Jim Baker about their questions regarding rights and interests, and he can be reached by telephone or email. Those who contact by email are encouraged to leave their phone number, as well.