San Diego, CA -- (SBWire) -- 07/27/2015 --The Shareholders Foundation announces that an investigation on behalf of investors of Advanced Drainage Systems Inc (NYSE:WMS) shares was initiated over potential securities laws violations by Advanced Drainage Systems and certain of its directors and officers.
Investors who purchased shares of Advanced Drainage Systems Inc (NYSE:WMS), have certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation or call +1(858) 779 - 1554.
The investigation by a law firm focuses on possible claims on behalf of purchasers of the securities of Advanced Drainage Systems Inc (NYSE:WMS) concerning whether a series of statements by Advanced Drainage Systems regarding its business, its prospects and its operations were materially false and misleading at the time they were made.
On July 15, 2015, Advanced Drainage Systems Inc announced the delay in filing of its 2015 annual report due to an ongoing review of the "methodologies utilized in its year-end inventory costing analysis and the related impact on the Company's fiscal year 2015 financial statements." Advanced Drainage Systems Inc further stated, that "the Company anticipates that the effect of this review will be a reduction of year-end inventory values for fiscal year 2015 as compared to previously reported amounts, and a related increase in cost of sales." Shares of Advanced Drainage Systems Inc (NYSE:WMS) declined to as low as $27.98 per share on July 15, 2015.
Those who purchased shares of Advanced Drainage Systems Inc (NYSE:WMS) have certain options and should contact the Shareholders Foundation.
Contact:
Shareholders Foundation, Inc.
Michael Daniels
3111 Camino Del Rio North - Suite 423
92108 San Diego
Phone: +1-(858)-779-1554
Fax: +1-(858)-605-5739
mail@shareholdersfoundation.com
Advanced Drainage Systems Inc (NYSE:WMS) Shareholder Notice: Investigation Announced
An investigation for investors in NYSE:WMS shares over potential securities laws violations by Advanced Drainage Systems was announced and NYSE:WMS stockholders should contact the Shareholders Foundation.