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Glancy Prongay & Murray Reminds Investors of Looming Deadline in the Class Action Lawsuit Against The Advisory Board Company (ABCO)


Prongay & Murray LLP
("GPM") reminds investors of the October
2, 2017
deadline in the class action lawsuit filed on behalf of
investors that purchased The Advisory Board Company ("Advisory Board" or
the "Company") (NASDAQ: ABCO)
securities between January 21, 2015 and February 23, 2016,
inclusive (the "Class Period"). Advisory Board investors have until October
2, 2017
to file a lead plaintiff motion. To obtain information or
participate in the class action, please visit the Advisory Board page on
our website at

On January 9, 2015, Advisory Board completed its acquisition of Royall &
Company ("Royall"). 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.

On this news, the Company's stock price fell approximately 27% or $9.79
per share to close at $26.50 on February 24, 2016.

The Complaint filed in this class action alleges that during the Class
Period, Advisory Board made materially false and/or misleading
statements, and/or failed to disclose that there were critical
integration problems associated with the Company's acquisition of Royall
& Company and, as a consequence of these integration problems, the
Company had no basis to increase the revenue guidance for Royall during
the Class Period.

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If you purchased shares of Advisory Board during the Class Period you
may move the Court no later than October 2, 2017 to ask the
Court to appoint you as lead plaintiff in this class action lawsuit. 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 action lawsuit. If you wish to learn more about this
action, or if you have any questions concerning this announcement or
your rights or interests with respect to these matters, please
contact Lesley Portnoy, Esquire, of Glancy Prongay & Murray LLP, 1925
Century Park East, Suite 2100, Los Angeles, California 90067, at (310)
201-9150, by e-mail to,
or visit our website at

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

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