Acadia Healthcare Company, Inc.
Investors that purchased the Company’s securities and have suffered a loss, please fill in transaction information below, or email to info@portnoylaw.com.
There is no cost or obligation associated with submitting your information. If you are a shareholder who suffered a loss, please submit your contact information and purchase information to participate in the putative class action.
We also encourage you to contact Lesley F. Portnoy of The Portnoy Law Firm, at 310.692.8883, to discuss your rights free of charge. You can also reach us through the firm’s website at www.portnoylaw.com, or by email at info@portnoylaw.com.
If you choose to take no action, you can remain an absent class member.
Joining the case through the Portnoy Law website enables investors to learn about their legal claims and take an active role in recovering their losses.
The Portnoy Law Firm represents investors around the world and specializes in securities class action lawsuits and shareholder rights litigation.
CONTACT:
Portnoy Law Firm
Lesley F. Portnoy, Esq.,
www.portnoylaw.com
Office: 310.692.8883
1800 Century Park East, Suite 600
Los Angeles, CA 90067
info@portnoylaw.com
On October 21, 2024, a lawsuit was filed against Acadia Healthcare and several of its current and former executives. The complaint alleges that, throughout the class period, the defendants made false or misleading statements and failed to disclose key information, including that: (1) Acadia’s business model relied on holding vulnerable individuals in its facilities against their will, even when it was not medically necessary; (2) many patients in Acadia facilities were subjected to abuse; (3) Acadia deceived insurance providers into covering stays for patients that were not medically necessary; and (4) as a result, the defendants’ statements about the company’s operations, business, and future prospects were materially false or misleading, lacking a reasonable basis at all relevant times.
Once the truth became known, Acadia Healthcare’s stock price dropped sharply, resulting in significant losses for investors.
