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NEW YORK, Sept. 07, 2017 -- The Law Offices of Vincent Wong announce that a class action lawsuit has been commenced in the United States District Court for the Southern District of New York on behalf of investors who purchased The Advisory Board Company ("Advisory Board") (NASDAQ:ABCO) securities between January 21, 2015 and February 23, 2016.
Click here to learn about the case: http://www.wongesq.com/pslra-sb/the-advisory-board-company?wire=3. There is no cost or obligation to you.
According to the complaint, throughout the Class Period, the Company issued materially false and misleading statements and/or failed to disclose that: (1) there were severe integration problems associated with Advisory Board's acquisition of Royall & Company; and (2) as a consequence, defendants had no basis to increase the revenue guidance for Royall during the Class Period. On January 9, 2015, Advisory Board completed its acquisition of Royall & Company. Then on February 23, 2016, Advisory Board announced a net loss of $101.8 million for the quarter ended December 31, 2015, primarily attributable to an impairment charge of $95.7 million (and later increased to $99.1 million) to Royall’s goodwill. Following this news, shares of Advisory Board fell 27% to close at $26.50 per share on February 24, 2016.
If you suffered a loss in Advisory Board you have until October 2, 2017 to request that the Court appoint you as lead plaintiff. Your ability to share in any recovery doesn’t require that you serve as a lead plaintiff. To obtain additional information, contact Vincent Wong, Esq. either via email [email protected], by telephone at 212.425.1140, or visit http://www.wongesq.com/pslra-sb/the-advisory-board-company?wire=3.
Vincent Wong, Esq. is an experienced attorney that has represented investors in securities litigations involving financial fraud and violations of shareholder rights. Attorney advertising. Prior results do not guarantee similar outcomes.
CONTACT: Vincent Wong, Esq. 39 East Broadway Suite 304 New York, NY 10002 Tel. 212.425.1140 Fax. 866.699.3880 E-Mail: [email protected]
