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RADNOR, Pa., December 12, 2024 – (JCN News) – – The law firm of Kessler Topaz Meltzer & Check, LLP (www.ktmc.com) is notifying investors that a class action lawsuit has been filed against the securities Acadia Healthcare (NASDAQ:) Company, Inc. (Acadia Healthcare) (NASDAQ: ACHC ) on behalf of investors who purchased or otherwise acquired securities of Acadia Healthcare between February 28, 2020 and October 30, 2024, inclusive (Class Period) Plaintiff’s principal deadline is December 16, 2024 . year.
CONTACT KESSLER TOPAZ MELTZER & CHECK, LLP: If you have suffered Acadia Healthcare losses, you can CLICK HERE or go to:
https://vvv.ktmc.com/nev-cases/acadia-healthcare-company-inc?utm_campaign=mei&mktm=r&utm_source=PR&utm_medium=link&utm_campaign=achc&mktm=r
You can also contact attorney Jonathan Nighy, Esq. by calling (484) 270-1453 or by email at info@ktmc.com.
DEFENDANTS’ ALLEGED MISCONDUCT: The complaints allege that throughout the class period, the defendants made materially false and misleading statements and failed to disclose material adverse facts about the company’s business, operations and prospects, including that: (1) Acadia Healthcare was accepting patients and held them against their will and beyond the period of time medically necessary to pay tricked them into continuing to pay for the care of such patients; (2) Acadia Healthcare will not discharge patients until their insurance expires; (3) to accomplish the above, Acadia Healthcare hired company evaluators to pressure emergency rooms to send patients to company facilities, filed frivolous petitions with courts to delay patient releases, and instructed employees to use phrases and avoid using other words in charts patients to create false impression of patients’ mental state; (4) Acadia Healthcares admission, length of stay and billing practices would expose the company to government investigations and actions and increased media scrutiny; (5) in light of such governmental investigations and actions and media scrutiny, Acadia Healthcares’ relationships with its referral sources would be adversely affected; (6) as a result of the above, Acadia Healthcare experienced slower same-store patient volume, and in turn, the company would be forced to lower its 2024 outlook for the full year; and (7) as a result of the foregoing, the defendants’ positive statements about the company’s business, operations and prospects were materially false and misleading and/or lacked a reasonable basis at all relevant times.
CLICK HERE to watch our video or copy and paste this link into your browser: https://ioutu.be/CuritkMbEbI
LEAD PLAINTIFF PROCESS: Acadia Healthcare investors may, no later than December 16, 2024, seek to be appointed as lead plaintiff in that class through Kessler Topaz Meltzer & Check, LLP or another attorney, or they may choose to do nothing and remain an absentee member class. The lead plaintiff is the representative party who acts on behalf of all class members in the litigation. The lead plaintiff is usually an investor or a small group of investors who have the greatest financial interest and who are also adequate and typical of the proposed class of investors. The lead plaintiff selects counsel to represent the lead plaintiff and the class and these attorneys, if approved by the court, are lead or class counsel. The decision whether you will be the lead plaintiff does not affect your ability to participate in any collection. Kessler Topaz Meltzer & Check, LLP encourages Acadia Healthcare investors who have suffered significant losses to contact the firm directly for more information.
ABOUT KESSLER TOPAZ MELTZER & CHECK, LLP: Kessler Topaz Meltzer & Check, LLP prosecutes class actions in state and federal courts across the country and around the world. The firm has developed a global reputation for excellence and has recovered billions of dollars for victims of fraud and other corporate malpractice. All of our work is driven by a common goal: to protect investors, consumers, employees and others from fraud, abuse, misconduct and negligence by companies and fiduciaries. Complainants in this action were not filed by Kessler Topaz Meltzer & Check, LLP. For more information about Kessler Topaz Meltzer & Check, LLP, visit www.ktmc.com.
CONTACT: Kessler Topaz Meltzer & Check, LLP, Jonathan Naji, Esq., (484) 270-1453, 280 King of Prussia Road, Radnor, PA 19087. info@ktmc.com
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