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ROSEN, LEADING TRIAL ATTORNEYS, Encourages Acadia Healthcare Company, Inc. Investors to Secure Counsel Before Important Deadline in Securities Class Action First Filed by the Firm – ACHC
Acadia HealthcareAcadia Healthcare(US:ACHC) GlobeNewswire News Room·2024-10-29 17:47

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 Rosen Law Firm [3][6] - The deadline to move the Court to serve as lead plaintiff is December 16, 2024 [3] Group 2: Law Firm Credentials - Rosen Law Firm has a strong track record in securities class actions, having achieved the largest securities class action settlement against a Chinese company and being ranked No. 1 for the number of settlements in 2017 [4] - The firm has recovered hundreds of millions of dollars for investors, including over $438 million in 2019 alone [4] Group 3: Case Allegations - The lawsuit alleges that Acadia Healthcare made materially false and misleading statements regarding its business model, which involved holding vulnerable individuals against their will and subjecting them to abuse [5] - It is claimed that Acadia Healthcare deceived insurance providers into paying for unnecessary stays in its facilities, leading to significant investor damages when the truth was revealed [5]