SHAREHOLDER ALERT 601 0 Kommentare Pomerantz Law Firm Reminds Shareholders with Losses on Their Investment in American Renal Associates Holdings, Inc. of Class Action Lawsuit and Upcoming Deadline - ARA - Seite 2

On November 9, 2018, American Renal filed a Form 10-Q with the SEC in which the Company disclosed that in October 2018, SEC staff "requested that the Company voluntarily provide documents and information relating to certain revenue recognition, collections, and related matters."

On this news, American Renal's stock price fell $0.74 per share, or over 4%, to close at $16.76 per share the next trading day, November 12, 2018.

On March 8, 2019, before the market opened, American Renal filed a Form NT 10-K with the SEC, announcing it would delay the filing of its earnings report for the fiscal year ended December 31, 2018, as it continues to examine reserve computations and other accounting practices that may have an impact on the company's accounts receivable and revenue for 2018, as well as previously reported fiscal years ranging from 2014 through 2017. According to American Renal, this followed the SEC's October 2018 request for documents concerning American Renal's revenue recognition, collections, and other related matters.

On this news, American Renal's stock price fell $2.05 per share, or over 16%, to close at $10.46 per share on March 8, 2019.

Then, on March 27, 2019, after market hours, American Renal announced the resignation of its Chief Financial Officer, and that American Renal would restate its financial results for the fiscal years ended 2014 through 2017. It also announced that its investigation had not been finalized.

On this news, American Renal's stock price fell $3.69 per share, or 38%, to close at $6.01 per share on March 28, 2019, damaging investors.

The Pomerantz Firm, with offices in New York, Chicago, Los Angeles, and Paris, is acknowledged as one of the premier firms in the areas of corporate, securities, and antitrust class litigation. Founded by the late Abraham L. Pomerantz, known as the dean of the class action bar, the Pomerantz Firm pioneered the field of securities class actions. Today, more than 80 years later, the Pomerantz Firm continues in the tradition he established, fighting for the rights of the victims of securities fraud, breaches of fiduciary duty, and corporate misconduct. The Firm has recovered numerous multimillion-dollar damages awards on behalf of class members. See www.pomerantzlaw.com