Case Page

 

Case Status:    ONGOING    
On or around 10/24/2017 (Ongoing date of last review)

Filing Date: August 24, 2015

According to the law firm press release, the Complaint alleges that, throughout the Class Period, defendants made false and misleading statements and failed to disclose material information, including with respect to legal proceedings brought against subsidiaries of the Company and several former and one current employees, including its President at the time. On August 3, 2015, the Company revealed that second degree murder and dependent adult abuse indictments had been brought in California. This news caused AAC's share price to drop substantially, harming investors. The drop in the days following the disclosure of the indictments equaled approximately $153 million in market capitalization losses, or 39%, of AAC's value.

Plaintiffs filed a consolidated complaint on February 29, 2016.

On July 1, 2016, the Court issued an Order denying Defendants' Motion to Dismiss.

Class Certification was granted on July 17, 2017.

COMPANY INFORMATION:

Sector: Healthcare
Industry: Healthcare Facilities
Headquarters: United States

SECURITIES INFORMATION:

Ticker Symbol: AAC
Company Market: New York SE
Market Status: Public (Listed)

About the Company & Securities Data


"Company" information provides the industry and sector classification and headquarters state for the primary company-defendant in the litigation. In general, "Securities" information provides the ticker symbol, market, and market status for the underlying securities at issue in the litigation.

In most cases, the primary company-defendant actually issued the securities that are the subject of the litigation, and the securities information and company information relate to the same entity. In a small subset of cases, however, the primary company-defendant is not the issuer (for example, cases against third party brokers/dealers), and the securities information and company information do not relate to the same entity.
COURT: M.D. Tennessee
DOCKET #: 15-CV-00923
JUDGE: Hon. Todd J. Campbell
DATE FILED: 08/24/2015
CLASS PERIOD START: 10/02/2014
CLASS PERIOD END: 08/03/2015
PLAINTIFF FIRMS NAMED IN COMPLAINT:
  1. Block & Leviton LLP
    155 Federal Street, Suite 1303, Block & Leviton LLP, MA 02110
    (617) 398-5600 (617) 507-6020 ·
  2. Bramlett Law Offices (Nashville)
    2400 Crestmoor Road; P.O. Box 150734, Bramlett Law Offices (Nashville), TN 37215
    615.248.2828 866.816.4116 ·
No Document Title Filing Date
COURT: M.D. Tennessee
DOCKET #: 15-CV-00923
JUDGE: Hon. Todd J. Campbell
DATE FILED: 02/29/2016
CLASS PERIOD START: 10/02/2014
CLASS PERIOD END: 08/03/2015
PLAINTIFF FIRMS NAMED IN COMPLAINT:
  1. Barrett Johnston Martin & Garrison, LLC
    414 Union Street, Suite 900, Barrett Johnston Martin & Garrison, LLC, TN 37219
    615-244-2202 615-252-3798 ·
  2. Kahn Swick & Foti, LLC (Madisonville)
    206 Covington Street, Kahn Swick & Foti, LLC (Madisonville), LA 70447
    (504) 455-1400 (504) 455-1498 ·
  3. Kaplan Fox & Kilsheimer, LLP (New York)
    850 Third Avenue, 14th Floor, Kaplan Fox & Kilsheimer, LLP (New York), NY 10022
    212.687.1980 212.687.1980 ·
No Document Title Filing Date