NEW YORK, Nov. 24, 2024 (GLOBE NEWSWIRE) — Bruger Egel & Squire PC, a nationally recognized shareholder rights law firm, has filed a class action against Acadia Healthcare Company, Inc. (“Acadia Healthcare”). announced that a lawsuit had been filed. or the “Company”) (NASDAQ: ACHC) in the United States District Court for the Middle District of Tennessee on behalf of all persons and entities who have purchased or otherwise purchased. I acquired Acadia Healthcare securities between February 28, 2020 and September 26, 2024 (inclusive) (the “Study Period”). Investors have until December 16, 2024 to apply to the court to be appointed as lead plaintiff in the lawsuit.
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According to the complaint, throughout the Class Period, Defendants made false and/or misleading statements and/or failed to disclose that: (1) Acadia Healthcare's business model favors vulnerable populations; The emphasis was on holding people in institutions against their will. There is no medical need to do so. (2) Many patients suffered abuse while at Acadia Medical Facility. (3) Acadia Healthcare deceived insurance companies into paying for patient stays at its facilities that were not medically necessary; and (4) as a result, Defendants' statements about its business, operations, and prospects were materially false and misleading and/or lacked a reasonable basis at all relevant times. When the true details entered the market, the lawsuit claims investors suffered damages.
If you purchased or otherwise acquired Acadia Healthcare stock and suffered a loss, are a long-term shareholder, have information, would like to learn more about these claims, or have any questions regarding this announcement or any of these matters. If you have any questions regarding your rights or interests, please contact Brandon Walker or Marion Passmore by email at investigation@bespc.com, by phone at (212) 355-4648, or by filling out this contact form. There is no cost or obligation to you.
About Bragar Eagel & Squire (PC):
Bragar Eagel & Squire, PC is a nationally recognized law firm with offices in New York, California, and South Carolina. Our firm represents individuals and institutional investors in complex commercial, securities, derivatives, and other litigation in state and federal courts nationwide. For more information about the company, please visit www.bespc.com. Lawyer advertisement. Previous results do not guarantee similar results.
contact address:
Bragger Egel & Squire, PC
Mr. Brandon Walker, Esq.
Marion Passmore, Esq.
(212) 355-4648
survey@bespc.com
www.bespc.com
