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TMCNet:  SHAREHOLDER UPDATE: Glancy Binkow & Goldberg LLP Announces Update to the Shareholder Lawsuit against Advanced Emissions Solutions, Inc.

[May 20, 2014]

SHAREHOLDER UPDATE: Glancy Binkow & Goldberg LLP Announces Update to the Shareholder Lawsuit against Advanced Emissions Solutions, Inc.

LOS ANGELES --(Business Wire)--

Glancy Binkow & Goldberg LLP has filed a class action lawsuit on behalf of purchasers of the securities of Advanced Emissions Solutions, Inc. ("Advanced Emissions Solutions" or the "Company") (NYSE:ADES) between March 14, 2013 and April 23, 2014, inclusive (the "Class Period"), and provides the following update in connection with the shareholder lawsuit: On May 20, 2014, Advanced Emissions announced it received a notice from the NASDAQ Capital Market on May 14, 2014, indicating that the Company is not in compliance with NASDAQ Listing Rules because the Company's Form 10-Q for the period ended March 31, 2014, was not filed by May 12, 2014, and the Company remains delinquent in filing its Form 10-K for the period ended December 31, 2013. The notice was issued pursuant to NASDAQ Marketplace Rule 5250(c)(1), which requires timely filing of periodic reports with the Securities and Exchange Commssion.


According to the Company, the delay in filing these reports is related to its "review of its historical revenue recognition policy for equipment contracts in its Emission Control segment, its verification of its accounting for interest expense accruals related to taxes on deferred installment gain and certain other accounting transactions, the process of assessing the effectiveness of its internal control over financial reporting, the restatement of its previously issued financial statements for the first three quarters of 2013, and the re-audit of its financial statements for 2011 and 2012."

The Complaint filed in the United States District Court for the District of Colorado alleges that defendants misrepresented and/or failed to disclose that the Company had applied the wrong methodology to recognize revenue on its Emissions Control business segment contracts and made material errors in its accruals.

If you are a member of the Class described above, you may move the Court no later than June 30, 2014, to serve as lead plaintiff; however, you must 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 or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Michael Goldberg, Esquire, of Glancy Binkow & Goldberg LLP, 1925 Century Park East, Suite 2100, Los Angeles, California 90067, Toll-Free at (888) 773-9224, or contact Gregory Linkh, Esquire, of Glancy Binkow & Goldberg LLP at 122 E. 42nd Street, Suite 2920, New York, New York 10168, at (212) 682-5340, by e-mail to shareholders@glancylaw.com, or visit our website at http://www.glancylaw.com.

This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules.


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