Advanced Drainage Systems, Inc. (WMS)
Bronstein, Gewirtz & Grossman, LLC Announces Investigation of Advanced Drainage Systems, Inc. (WMS)
Bronstein, Gewirtz & Grossman, LLC is investigating potential claims on behalf of purchasers of Advanced Drainage Systems, Inc. (“WMS” or “the Company”) (NYSE: WMS). Investors who purchased common stock, or derivative securities convertible into, exercisable for, or exchangeable from the period beginning on August 15, 2015, through March 31, 2016, are encouraged to obtain additional information and assist the investigation by contacting us.
The investigation concerns whether WMS and certain of its officers and/or directors have violated federal securities laws by issuing false and/or misleading statements and/or failed to disclose information pertinent to investors.
WMS delayed filing its annual report in 2015, which was less than a year after its IPO. WMS then revealed several accounting indiscretions, including inappropriate entries and adjustments to its financials. In July 2018, The SEC filed a cease and desist order against and found that CFO Mark Sturgeon “willfully” caused the Company to manipulate its financial results.
If you are aware of any facts relating to this investigation, or purchased WMS shares, you can learn more about the investigation by contacting Peretz Bronstein or his Investor Relations Analyst, Yael Hurwitz of Bronstein, Gewirtz & Grossman, LLC: 212-697-6484.
Bronstein, Gewirtz & Grossman, LLC is a corporate litigation boutique. Our primary expertise is the aggressive pursuit of litigation claims on behalf of our clients. In addition to representing institutions and other investor plaintiffs in class action security litigation, the firm’s expertise includes general corporate and commercial litigation, as well as securities arbitration. Attorney advertising. Prior results do not guarantee similar outcomes.