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Ryan & Maniskas, LLP Announces Class Action Lawsuit Against Advanced Emissions Solutions, Inc.

Stocks in this article: ADES

WAYNE, Pa., May 19, 2014 /PRNewswire/ -- Ryan & Maniskas, LLP announces that a class action lawsuit has been filed in the United States District Court for the District of Colorado on behalf of purchasers of the common stock of Advanced Emissions Solutions, Inc. ("Advanced Emissions Solutions" or the "Company") (NASDAQ: ADES) between March 14, 2013 and March 12, 2014, inclusive (the "Class Period").

Ryan & Maniskas, LLP.

Advanced Emissions Solutions shareholders may, no later than June 30, 2014, move the Court for appointment as a lead plaintiff of the Class.  If you purchased shares of Advanced Emissions Solutions and would like to learn more about these claims or if you wish to discuss these matters and have any questions concerning this announcement or your rights, contact Richard A. Maniskas, Esquire toll-free at (877) 316-3218 or to sign up online, visit: www.rmclasslaw.com/cases/ades.  You may also email Mr. Maniskas at rmaniskas@rmclasslaw.com.

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: (1) that the Company was employing improper accounting practices, particularly with respect to its method for recognizing revenue for its Emission Control business segment contracts; (2) that 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; (3) that the Company improper accounting practices would require restatement of its reported financial statements; and (4) that 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, you may, no later than June 30, 2014, request that the Court appoint you as lead plaintiff of the class.  A lead plaintiff is a representative party that acts on behalf of other class members in directing the litigation.  In order to be appointed lead plaintiff, the Court must determine that the class member's claim is typical of the claims of other class members, and that the class member will adequately represent the class.  Under certain circumstances, one or more class members may together serve as "lead plaintiff."  Your ability to share in any recovery is not, however, affected by the decision whether or not to serve as a lead plaintiff.  You may retain Ryan & Maniskas, LLP or other counsel of your choice, to serve as your counsel in this action.

Ryan & Maniskas, LLP is a national shareholder litigation firm.  Ryan & Maniskas, LLP is devoted to protecting the interests of individual and institutional investors in shareholder actions in state and federal courts nationwide.  To learn more about the class action process, please visit: www.rmclasslaw.com.

CONTACT:              Ryan & Maniskas, LLP                                 Richard A. Maniskas, Esquire                                 995 Old Eagle School Rd., Suite 311                                 Wayne, PA 19087                                 484-588-5516                                 877-316-3218                                www.rmclasslaw.com/cases/ades                                          rmaniskas@rmclasslaw.com

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SOURCE Ryan & Maniskas, LLP

Copyright 2011 PR Newswire. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

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