Acadia Healthcare Shareholder Alert: Key Deadlines for Investors with Significant Losses
Acadia Healthcare Shareholder Alert: Important Information for Investors
Investors in Acadia Healthcare Company, Inc. (NasdaqGS: ACHC) are reminded of a critical deadline approaching on December 16, 2024. If you incurred losses exceeding $100,000 due to purchases of Acadia's securities between February 28, 2020 and October 18, 2024, you may be eligible to file a lead plaintiff application in a class action lawsuit against the company.
The claims are being handled in the United States District Court for the Middle District of Tennessee. The lawsuit alleges that Acadia and certain executives failed to disclose crucial information to investors, which is a violation of federal securities laws. Notably, on September 27, 2024, the company reported receiving a voluntary request for information from the U.S. Attorney's Office related to its admissions, length of stay, and billing practices. This announcement led to a steep drop in share price by $12.38, or 16.36%, closing at $63.28.
Furthermore, a report published by The New York Times on October 18, 2024, titled Veterans Dept. Investigating Acadia Healthcare for Insurance Fraud, exacerbated the situation, resulting in a share price decline of $7.29, or 12.28%, settling at $52.03.
How to Proceed
To explore your legal options, Acadia Healthcare investors can utilize ClaimsFiler, a free shareholder information service designed to support investors recovering losses from securities class actions. You can visit ClaimsFiler's website or call them toll-free at 844-367-9658. Legal representation from Kahn Swick & Foti, LLC is available to assist investors in evaluating their cases.
About the Lawsuit
The case is officially titled Kachrodia v. Acadia Healthcare Company, Inc., No. 24-cv-01238. It centers around claims that Acadia engaged in dubious practices that misled investors about the company's financial viability. The lawsuits aim to hold the company accountable for its lapses in regulatory compliance and the resulting financial impact on its shareholders.
About ClaimsFiler
ClaimsFiler operates with a mission to act as a comprehensive resource for retail investors, enabling them to reclaim billions lost in securities class action settlements. By registering at ClaimsFiler.com, investors can access various resources, including settlement websites and timely notifications about relevant cases. They also have the capacity to upload their transactional data, which allows ClaimsFiler to identify securities cases that may affect them financially, ensuring no opportunity for recovery is missed.
This information is crucial for investors seeking to take action following substantial financial losses, and understanding the procedures involved can lead to the recovery of some losses incurred during the turbulent period surrounding Acadia Healthcare’s disclosures. Don’t miss your chance to engage in this legal process before the deadline arrives!
For additional information, please visit ClaimsFiler.com.
Topics Financial Services & Investing）
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