Investor alert: class action lawsuit against advanced emissions solutions, inc. announced by law offices of howard g. smith

Bensalem, pa.--(business wire)--law offices of howard g. smith announces that a class action lawsuit has been filed in the united states district court for the district of colorado on behalf of all purchasers of the securities of advanced emissions solutions, inc. (“advanced emissions solutions” or the “company”) (nyse:ades) between march 14, 2013 and march 12, 2014, inclusive (the “class period”). 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 are a member of the class described above, you have until june 30, 2014, to move the court to serve as lead plaintiff, if you meet certain legal requirements. to be a member of the class you need not take any action at this time; you may retain counsel of your choice or take no action and remain an absent member of the class. if you wish to learn more about this action, please contact howard g. smith, esquire, of law offices of howard g. smith, 3070 bristol pike, suite 112, bensalem, pennsylvania 19020 by telephone at (215) 638-4847, toll free at (888) 638-4847, or by email to howardsmith@howardsmithlaw.com, or visit our website at http://www.howardsmithlaw.com.
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