Core Viewpoint - Rosen Law Firm is reminding investors who purchased Acadia Healthcare Company, Inc. securities between February 28, 2020, and October 18, 2024, about the December 16, 2024, deadline to become a lead plaintiff in a class action lawsuit [1] Group 1: Class Action Details - Investors who purchased Acadia Healthcare securities during the specified Class Period may be entitled to compensation without any out-of-pocket fees through a contingency fee arrangement [2] - A class action lawsuit has already been filed, and interested parties can join by contacting the firm or visiting their website [3][6] - The deadline to move the Court to serve as lead plaintiff is December 16, 2024, with the lead plaintiff acting on behalf of other class members [3] Group 2: Case Allegations - The lawsuit alleges that Acadia Healthcare made materially false and misleading statements regarding its business practices, including holding vulnerable individuals against their will and subjecting them to abuse [5] - It is claimed that Acadia deceived insurance providers into covering unnecessary stays in its facilities, leading to misleading statements about the company's operations and prospects [5] Group 3: Rosen Law Firm's Credentials - Rosen Law Firm emphasizes the importance of selecting qualified legal counsel with a successful track record in securities class actions, highlighting their own achievements in recovering hundreds of millions for investors [4] - The firm has been recognized for its leadership in securities class action settlements, including being ranked No. 1 by ISS Securities Class Action Services in 2017 [4]

Core Viewpoint - A lawsuit has been filed against Acadia Healthcare Company, Inc. and certain senior executives, alleging misrepresentation of financial results related to insurance fraud and improper patient detainment practices [1][3]. Legal Proceedings - Investors have until December 16, 2024, to request to lead the case in the U.S. District Court for the Middle District of Tennessee, under the caption Dyar v. Acadia Healthcare Company, Inc. [2]. Allegations - The lawsuit claims that Acadia misrepresented its financial performance, attributing it to fraudulent practices and holding patients against their will when not medically necessary [3]. Stock Price Impact - Following a New York Times article on September 1, 2024, which detailed Acadia's practices, the stock price fell by $3.72 (4.5%) to $78.21 on September 3, 2024 [4]. - On September 27, 2024, Acadia disclosed receiving requests for information from the U.S. Attorney's Office and a grand jury subpoena, leading to a 16% decline in stock price from $75.66 to $63.28 [5]. - An October 18, 2024, article reported an investigation by the Veterans Affairs Department into potential insurance fraud, causing a 12% drop in stock price from $59.32 to $52.03 [6]. Company Background - Acadia Healthcare is one of the largest for-profit chains of psychiatric hospitals in the United States [3].

Core Viewpoint - A securities class action lawsuit has been filed against Acadia Healthcare Company, Inc. for allegedly making false and misleading statements regarding its business practices and patient treatment during the Class Period from February 28, 2020, to October 18, 2024 [1]. Group 1: Allegations Against Acadia Healthcare - The lawsuit claims that Acadia Healthcare's business model involved holding vulnerable individuals against their will in facilities, even when not medically necessary [3]. - It is alleged that many patients in Acadia Healthcare facilities experienced abuse [3]. - The company is accused of deceiving insurance providers into covering unnecessary stays for patients in its facilities [3]. - As a result of these practices, the statements made by Acadia Healthcare regarding its business operations and prospects were deemed materially false and misleading [3]. Group 2: Legal Process and Participation - Investors in Acadia Healthcare have until December 16, 2024, to seek appointment as a lead plaintiff representative in the class action lawsuit [4]. - A lead plaintiff acts on behalf of all class members and typically has the largest financial interest in the case [4]. - Investors can choose to participate actively or remain as absent class members without affecting their ability to share in any recovery [4]. Group 3: Law Firm Information - Kessler Topaz Meltzer & Check, LLP is the law firm handling the class action and has a reputation for recovering billions for victims of corporate misconduct [6]. - The firm encourages affected investors to contact them for more information regarding the lawsuit [5].

Core Viewpoint - A lawsuit has been filed against Acadia Healthcare Company, Inc. and certain senior executives, alleging misrepresentation of financial results related to insurance fraud and improper patient detainment practices [1][2][3]. Group 1: Lawsuit Details - The lawsuit is pending in the U.S. District Court for the Middle District of Tennessee, with claims under Sections 10(b) and 20(a) of the Securities Exchange Act of 1934 [2]. - Investors have until December 16, 2024, to request to lead the case [2]. Group 2: Allegations Against Acadia - Acadia is one of the largest for-profit psychiatric hospital chains in the U.S., accused of holding patients against their will and misrepresenting financial results [3]. - A New York Times investigation revealed that Acadia's success was partly due to these disturbing practices, leading to a stock price drop of $3.72 per share (4.5%) on September 3, 2024 [4]. Group 3: Regulatory Scrutiny - On September 27, 2024, Acadia disclosed receiving requests for information from the U.S. Attorney's Office and a grand jury subpoena, resulting in a 16% decline in stock price from $75.66 to $63.28 per share [5]. - An October 18, 2024, article indicated that the Veterans Affairs Department is investigating Acadia for potential insurance fraud, causing a further 12% decline in stock price from $59.32 to $52.03 per share [6].

Faruqi & Faruqi, LLP Securities Litigation Partner James (Josh) Wilson Encourages Investors Who Suffered Losses Exceeding $100,000 In Acadia Healthcare To Contact Him Directly To Discuss Their Options If you suffered losses exceeding $100,000 in Acadia Healthcare between February 28, 2020 and September 26, 2024 and would like to discuss your legal rights, call Faruqi & Faruqi partner Josh Wilson directly at 877-247-4292 or 212-983-9330 (Ext. 1310). [You may also click here for additional information] NEW Y ...

NEW YORK, Nov. 26, 2024 (GLOBE NEWSWIRE) -- Leading securities law firm Bleichmar Fonti & Auld LLP announces that it has filed a lawsuit against Acadia Healthcare Company, Inc. (NASDAQ: ACHC) and certain of the Company’s senior executives. If you invested in Acadia Healthcare, you are encouraged to obtain additional information by visiting https://www.bfalaw.com/cases-investigations/acadia-healthcare-company-inc. Investors have until December 16, 2024 to ask the Court to be appointed to lead the case. The c ...

SAN DIEGO, Nov. 25, 2024 (GLOBE NEWSWIRE) -- Robbins LLP reminds investors that a class action was filed on behalf of all investors and entities that purchased or otherwise acquired Acadia Healthcare Company (NASDAQ: ACHC) securities between February 28, 2020 and September 26, 2024. Acadia is a leading provider of behavioral healthcare services across the United States. For more information, submit a form, email attorney Aaron Dumas, Jr., or give us a call at (800) 350-6003. The Allegations: Robbins LLP is ...

SAN FRANCISCO, Nov. 25, 2024 (GLOBE NEWSWIRE) -- Acadia Healthcare Company (NASDAQ: ACHC) is facing securities class-action lawsuits by investors alleging the company misled them about its business practices. The more recent lawsuit filed on October 29, 2024 expanded the Class Period to end on Oct. 18, 2024 after The New York Times reported that the Veterans Affairs Department has opened an investigation into Acadia, news which sent the price of Acadia shares sharply lower on Oct. 18, 2024. Hagens Berman ur ...

RADNOR, Pa., Nov. 24, 2024 (GLOBE NEWSWIRE) -- The law firm of Kessler Topaz Meltzer & Check, LLP (www.ktmc.com) informs investors that a securities class action lawsuit has been filed in the United States District Court for the Middle District of Tennessee against Acadia Healthcare Company, Inc. (“Acadia Healthcare”) (NASDAQ: ACHC) on behalf of investors who purchased or otherwise acquired Acadia Healthcare securities between February 28, 2020 and October 18, 2024, inclusive (the “Class Period”) The lead p ...

Core Viewpoint - Acadia Healthcare Company, Inc. is facing a class action lawsuit for alleged violations of the Securities Exchange Act of 1934, with claims of misleading practices and abuse within its facilities during the specified class period [1][4]. Group 1: Allegations and Impact - The lawsuit alleges that Acadia's business model involved holding patients against their will without medical necessity, leading to abuse within its facilities [4]. - A New York Times article published on September 1, 2024, highlighted these practices, resulting in a stock price drop of over 4% [5]. - Following a disclosure on September 27, 2024, regarding a grand jury subpoena and requests for information from the U.S. Attorney's Office, Acadia's stock price fell more than 16% [6]. Group 2: Legal Process and Representation - Investors who purchased Acadia's publicly traded securities during the class period can seek to be appointed as lead plaintiff in the lawsuit, representing the interests of the class [7]. - The lead plaintiff will have the authority to select a law firm for litigation, but participation as lead plaintiff does not affect the ability to share in any potential recovery [7]. Group 3: Company Background - Acadia Healthcare provides behavioral healthcare services and has been implicated in serious allegations regarding its treatment of patients [3]. - Robbins Geller Rudman & Dowd LLP, the law firm handling the case, is recognized for its significant recoveries in securities fraud cases, having secured $6.6 billion for investors in related class action cases [8].