Advanced Emissions Solutions under investigation

A law office recently began investigating a fuel technology firm for potential violations of securities laws. Depending on the outcome of the process, there may be a securities class action lawsuit in the near future.

Bronstein, Gewirtz and Grossman announced that it will look into claims against the leaders at Advanced Emissions Solutions, Inc., due to these potential law violations. On March 13, 2014, the company made an announcement that outlined its plans to hold off on filing its Form 10K for the 2013 year.

Advanced Emissions Solutions noted in a statement on that day that it will undergo a review of its accounting parameters, and when these figures are adjusted, it will potentially have a higher level of operating losses. The reason for this is due to the lessening of revenues and other issues related to its emission control segment.

When this information surfaced, the company’s stock fell 6 percent, or $1.66, to $25.45 per share.

It is possible for shareholders to learn more about the case by speaking to the law firm. Additionally, any of those who own interests in Advanced Emissions Solutions are encouraged to make contact if they have information that can help facilitate the investigation. Both Peretz Bronstein and Eitan Kimelman are available to talk about these matters, and they can be reached by either telephone or email. Any shareholders who reach the firm by email need to leave their telephone number and mailing address.

Second investigation begins
Another law office explained that it would seek answers to shareholder concerns regarding the company’s business practices. Like the first investigation, this also may become a class action claim down the line.

Pomerantz, LLP, noted that it is also investigating Advanced Emissions Solutions’ directors or other officers, as they may have violated the Securities Exchange Act of 1934, specifically Sections 10(b) and 20(a) due to the aforementioned information, and the investigation will focus on these aspects.

By this law office’s measurement, the company had a stock price decline to $50.90 per share on March 13, 2014, from the previous level of $54.23 per share.

Any shareholders who are looking for information about the investigation and other related issues are welcome to speak with this law office, as well. Robert Willoughby is the best person to speak with, and he can be reached by email or telephone.