NEW YORK, Sept. 28, 2024 (GLOBE NEWSWIRE) —
Reason: Rosen Law Firm, a global investor rights law firm, has filed a lawsuit arising out of allegations that Acadia Healthcare Company, Inc. (NASDAQ: ACHC) may have published materially misleading business information. , announced an investigation into potential securities claims on behalf of shareholders of Acadia Healthcare Company, Inc. (NASDAQ: ACHC). The investing public.
This means if you purchase Acadia Healthcare securities, you may be entitled to compensation through a contingency fee arrangement without paying any out-of-pocket fees or costs. Rosen Law Firm is preparing a class action lawsuit seeking to recover losses for investors.
What to do next: To join the class action, go to https://rosenlegal.com/submit-form/?case_id=28482 or call Phillip Kim. Toll-free 866-767-3653 or email case@rosenlegal.com for information on the class action.
What this means: On Sunday, September 1, 2024, the New York Times published an article titled “How Major Psychiatric Hospital Chains Entrap Patients.” In this article, “Acadia Healthcare is one of the largest psychiatric hospital chains in the United States. The company's revenue has soared since the pandemic exacerbated the national mental health crisis. (…) But a New York Times investigation found that part of that success was built on disturbing practices. In other words, Acadia lured patients into its facilities and held them against their will, even when restraint was not medically necessary. Records reviewed by the Times show that dozens of patients and employees have been accused of detaining people in ways that violate the law in at least 12 of the 19 states where Acadia operates psychiatric hospitals. , a police officer notified authorities. In some cases, judges have intervened to force Acadia to release patients. ”
Following this news, Acadia Healthcare's stock price fell 4.5% on September 3, 2024.
Why Rosen Law: We encourage investors to select qualified attorneys with a track record of success in leadership roles. Companies issuing notices often do not have comparable experience, resources, or meaningful peer evaluations. Many of these companies do not actually file securities class action lawsuits. Be wise when choosing a lawyer. The Rosen Law Firm represents investors throughout the world, concentrating its practice in securities class actions and shareholder derivative litigation. Rosen Law Firm has achieved the largest securities class action settlement in history against a Chinese company. Rosen Law Firm was ranked #1 in 2017 by ISS Securities Class Action Services for number of securities class action settlements. The firm has been ranked in the top four every year since 2013 and has recovered hundreds of millions of dollars from investors. In 2019 alone, the company secured over $438 million from investors. In 2020, founding partner Lawrence Rosen was named a Titan of Plaintiffs' Lawyers by Law360. Many of our attorneys have been recognized by Lawdragon and Super Lawyers.
For the latest information, please follow us on LinkedIn: https://www.linkedin.com/company/the-rosen-law-firm, Twitter: https://twitter.com/rosen_firm or Facebook: https://www.facebook follow me. .com/rosenlawfirm/.
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contact address:
Lawrence Rosen, Esq.
Mr. Philip Kim, Esq.
Pennsylvania Rosen Law Firm
275 Madison Avenue, 40th floor
New York, NY 10016
Phone number: (212) 686-1060
Toll Free: (866) 767-3653
Fax: (212) 202-3827
case@rosenlegal.com
www.rosenlegal.com
