INVESTOR ALERT: Law Offices of Howard G. Smith Announces the Filing of a Securities Class Action on Behalf of The Advisory Board Company Investors and Encourages Investors to Contact the Firm

BENSALEM, Pa.--()--Law Offices of Howard G. Smith announces that a class action lawsuit has been filed on behalf of investors who 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.

Investors suffering losses on their Advisory Board investments are encouraged to contact the Law Offices of Howard G. Smith to discuss their legal rights in this class action at 888-638-4847 or by email to howardsmith@howardsmithlaw.com.

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.

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 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.

If you purchased shares of Advisory Board, have information or would like to learn more about these claims, or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Howard G. Smith, Esquire, of Law Offices of Howard G. Smith, 3070 Bristol Pike, Suite 112, Bensalem, Pennsylvania 19020 by telephone at (215) 638-4847, toll-free at (888) 638-4847, or by email to howardsmith@howardsmithlaw.com, or visit our website at www.howardsmithlaw.com.

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

Contacts

Law Offices of Howard G. Smith
Howard G. Smith, Esquire
215-638-4847
888-638-4847
howardsmith@howardsmithlaw.com
www.howardsmithlaw.com

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INVESTOR ALERT: Law Offices of Howard G. Smith Announces the Filing of a Securities Class Action on Behalf of The Advisory Board Company Investors

Law Offices of Howard G. Smith