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AAC Holdings, Inc. Nyse

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AACH

Healthcare Facilities & Services

AAC : Investor Alert: Block & Leviton LLP investigates for Possible Violations of the Federal Securities Laws

August 04, 2015 at 12:58 pm EDT

BOSTON, Aug. 4, 2015 /PRNewswire/ -- Shares in AAC Holdings, Inc. ("AAC" or the "Company") (NYSE: AAC) have plunged on news of undisclosed deaths and criminal investigations at the Company's treatment facilities in California and Florida and of certain of its employees.

Jerrod Menz, AAC's President and Board member, along with two other employees and an AAC subsidiary were indicted for the wrongful death of a patient at the AAC subsidiary. News reports suggest that additional patients have died at AAC facilities which have not been disclosed to AAC investors. Menz has temporarily stepped down as President and Board member of AAC. AAC's stock price has plunged by almost 35% in mid-day trading on August 4, 2015. Block & Leviton LLP(www.blockesq.com), a Boston-based law firm representing investors nationwide, is investigating whether the Company and certain of its officers and directors have violated the federal securities law in connection with the failure to disclose the criminal investigation of its President, employees, subsidiary and of deaths at other of its facilities.

If you purchased AAC stock and have questions about your legal rights, or if you have information relevant to this investigation, please contact attorney Steven P. Harte of Block & Leviton LLP at Steven@blockesq.com. Confidentiality to any whistleblowers or other persons with information relevant to the investigation is assured.

Block & Leviton is a Boston-based law firm representing investors for violations of securities laws. The firm's lawyers have collectively been prosecuting securities cases on behalf of investors for over 80 years.

This notice may constitute attorney advertising.

Contact:
BLOCK & LEVITON LLP
Steven P. Harte, Esq.
(617) 398-5600
Steven@blockesq.com
Mark@blockesq.com

To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/aac-holdings-inc-investor-alert--block--leviton-llp-investigates-for-possible-violations-of-the-federal-securities-laws-300123410.html

SOURCE Block & Leviton LLP

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AAC Holdings, Inc. is a provider of inpatient and outpatient substance abuse treatment services for individuals with drug and alcohol addiction. The Company performs drug testing and diagnostics laboratory services and provides physician services to its clients. As of June 30, 2016, the Company operated 12 residential substance abuse treatment facilities located throughout the United States, focused on delivering clinical care and treatment solutions across 1,139 beds, which includes 636 licensed detoxification beds, and 18 standalone outpatient centers. In addition, the Company focuses on expanding The Oxford Centre facility. As of June 30, 2016, the Company's capacity at its Forterus treatment facility was 14 beds. The Company is engaged in deploying research-based treatment programs with structured curricula for detoxification, residential treatment, partial hospitalization and intensive outpatient care. The Company is also an Internet marketer in the addiction treatment industry.

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