| Company: | Advanced Emissions Solutions, Inc |
| Ticker Symbol: | ADES |
| Class Period: | Mar-14-13 to Mar-12-14 |
| Date Filed: | Mar-13-14 |
| Lead Plaintiff Deadline: | May-12-14 |
| Court: | District of Colorado |
| Allegations: | |
Advanced Emissions Solutions, together with its subsidiaries, provides environmental technologies and specialty chemicals to the coal-burning electric power generation industry primarily in the United States.
The Complaint alleges that, throughout the Class Period, defendants misrepresented and/or failed to disclose that: The Company was employing improper accounting practices, particularly with respect to its method for recognizing revenue for its Emission Control business segment contracts. The Company was experiencing increased operating losses, primarily driven by a reduction of revenues and margins for its Emission Control segment with a corresponding increase in backlog. The Company improper accounting practices would require restatement of its reported financial statements. The Company's financial statements were materially false and misleading at all relevant times.
On March 13, 2014, Advanced Emissions Solutions announced that it would postpone its 2013 fourth quarter and year-end news release and conference call, and that an ongoing review of the Company's accounting practices, particularly its methods of recognizing revenue for its Emission Control business segment contracts, "will likely result in increased operating losses, primarily driven by a reduction of revenues and margins for its emission control segment with a corresponding increase in backlog for the same period."
If you acquired the securities of the defendants during the Class Period you may, no later than the Lead Plaintiff Deadline shown above, request that the Court appoint you as lead plaintiff through counsel of your choice. You may also choose to remain an absent class member. A lead plaintiff must meet certain requirements.
