Business Wire 11-Aug-2017 10:07 AM
NEW YORK--(BUSINESS WIRE)-- The Klein Law Firm announces the commencement of an investigation of The Advisory Board Company (NASDAQ:ABCO) concerning possible violations of federal securities laws.
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 Royalls 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 and wish to obtain additional information, please contact Joseph Klein, Esq. by telephone at 212-616-4899 or visit http://www.kkclasslaw.com/ABCO-Info-Request-Form-185.
Joseph Klein, Esq. is an experienced attorney and has also practiced as a Certified Public Accountant. Mr. Klein represents investors and participates in securities litigations involving financial fraud throughout the nation. Attorney advertising. Prior results do not guarantee similar outcomes.
View source version on businesswire.com: http://www.businesswire.com/news/home/20170811005318/en/
The Klein Law Firm Joseph Klein, Esq., 212-616-4899Fax: 347-558-9665www.kleinstocklaw.com
Source: The Klein Law Firm