Advanced Emissions Solutions Stock Alert: Schubert Firm Investigates Possible Wrongdoing by Company's Top Executives

SAN FRANCISCO, March 31, 2015 /PRNewswire/ -- Shareholder and consumer rights law firm Schubert Jonckheer & Kolbe LLP today launched an investigation into whether certain officers and directors of Advanced Emissions Solutions, Inc. ADES breached their fiduciary duties to the company and its shareholders by exposing it to civil liability for violation of federal securities laws.

Since April 2014, ADES has made a series of disclosures concerning material weaknesses in its financial reporting. On January 29, 2015 the company made several shocking disclosures including that that (1) the company's auditor, KPMG, resigned from its engagement to "re-audit" prior statements; (2) KPMG resigned from preparing the 2014 financial statements because it was "unwilling to be associated with the company's financial statements"; and (3) KPMG criticized management's lack of forthrightness in audit process and stated that there was an "inappropriate tone at the top" that created material weaknesses in the Company's financial reporting.

On January 29, 2015, ADES also disclosed that it expected to be delisted from the NASDAQ, since it was unable to regain reporting compliance. On this news, the stock price dropped 40%. On February 3, 2015, ADES was delisted and now trades on the OTC-pink sheets.

Among other things, the Schubert Law Firm is investigating whether ADES, prior to February 2, 2015, adequately disclosed to its investors information related to the company's internal controls over financial reporting. If you possess information relevant to this investigation, or purchased stock in ADES prior to February 2, 2015 and continue to hold shares in the Company, please contact attorney Miranda Kolbe by telephone at 415-788-4220 or fill out the form on our website at http://classactionlawyers.com/ADES.

About Schubert Jonckheer & Kolbe

Schubert Jonckheer & Kolbe has extensive experience in prosecuting securities claims, representing investors throughout the nation in securities and shareholder lawsuits. Attorney advertising. Prior results do not guarantee similar outcomes.

Contact: Miranda Kolbe, 415-788-4220, mkolbe@schubertlawfirm.com

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SOURCE Schubert Jonckheer & Kolbe LLP