ACHC Investor Alert: Class Action Lawsuit Against Acadia Healthcare Company

NEW YORK, Dec. 08, 2024 (GLOBE NEWSWIRE) -- Bronstein, Gewirtz & Grossman, LLC, a well-known law firm specializing in securities fraud, has announced that a class action lawsuit has been filed against Acadia Healthcare Company, Inc. ("Acadia Healthcare" or "the Company") and some of its executives.

Class Action Overview

This legal action is intended to seek compensation for investors who may have suffered losses due to alleged violations of federal securities laws. The class period for this lawsuit encompasses all individuals and entities that purchased or acquired Acadia Healthcare securities between February 28, 2020, and October 18, 2024. Interested investors are encouraged to learn more about the case and join the lawsuit by visiting the law firm's website.

Details of the Complaint

The complaint outlines several serious allegations against Acadia Healthcare. It claims that the company made numerous false or misleading statements and chose not to disclose critical information. Specific allegations include: (1) Acadia Healthcare's business model allegedly involved detaining vulnerable individuals in its facilities, even when it was not necessary; (2) reports of patient abuse occurring within the facilities; (3) the company purportedly deceiving insurance providers into covering expenses for stays that were not medically justified; and (4) as a result of these practices, the statements made by the company regarding its operations and forecasts were misleading.

Next Steps for Investors

A class action lawsuit has already been initiated against the company. Investors wishing to review the complaint can do so on the law firm's website. They may also reach out to Peretz Bronstein, Esq. or Client Relations Manager Nathan Miller at the law firm for assistance. It is important for those who experienced financial losses related to Acadia Healthcare to act quickly, as the deadline to request a lead plaintiff appointment is December 16, 2024. However, participating in any recovery does not require being appointed as lead plaintiff.

Contingency Fee Arrangement

Bronstein, Gewirtz & Grossman, LLC represents investors under a contingency fee basis, meaning that they will only recover legal fees if the case is successful. This provides a risk-free opportunity for investors to seek justice.

About the Law Firm

Bronstein, Gewirtz & Grossman, LLC is recognized nationwide for its representation of investors in securities fraud class actions and shareholder derivative suits. The firm has successfully secured hundreds of millions of dollars for investors across the country.

Attorney advertising. Prior results do not guarantee similar outcomes.

Contact Information

For more information, contact:

Bronstein, Gewirtz & Grossman, LLC

Peretz Bronstein or Nathan Miller

Phone: 332-239-2660

Email: [email protected]

lawsuit, investors, Acadia