Aug. 12 at 2:31 PM
$AAC agreed to settle
$3.75M with investors over misleading statements regarding the Company's business, operational, and compliance policies to avoid further litigation. And even if you missed the deadline, you can still file a late claim: https://11thestate.com/cases/aac-securities-settlement
FAQ for the settlement:
1. Do you need to sell/lose my shares to get this settlement? - No, if you have purchased during the class period, you are eligible.
2. How much money do I get per share? - The average sum is
$0.18 per share, but usually, only 25% of all shareholders claim it, so you can get 4x more than this.
3. Who can claim this settlement? - Anyone who purchased
$ACC at any time during the period from and including March 08, 2017, through and including April 15, 2019.
4. How long does the payout process take? - The entire process usually takes 4 to 9 months after the claim deadline. But the exact timing depends on the court and settlement administration.
5. Can I claim even if I missed the deadline? - Yes. It is still possible to file a late claim. The court will decide whether to accept late claims or not.
To file a late claim: https://11thestate.com/cases/aac-securities-settlement
