Acadia Healthcare Company Faces Securities Class Action Lawsuits

Acadia Healthcare Company (NASDAQ: ACHC) is facing securities class action lawsuits by investors alleging the company misled them about its business practices. The more recent lawsuit filed on October 29, 2024 expanded the Class Period to end on Oct. 18, 2024 after The New York Times reported that the Veterans Affairs Department has opened an investigation into Acadia, news which sent the price of Acadia shares sharply lower on Oct. 18, 2024. Hagens Berman urges Acadia Healthcare Company, Inc. (NASDAQ: ACHC) investors who suffered substantial losses to submit your losses now. The lawsuits claim that throughout the Class Period Acadia made false or misleading statements about its operations, including holding patients against their will, subjecting patients to abuse, and deceiving insurance providers by billing them for unnecessary patient stays. These allegations stem from a September 1, 2024 New York Times article titled “How a Leading Chain of Psychiatric Hospitals Traps Patients.” The article exposed Acadia’s “disturbing practice” of holding patients even when such action wasn't medically justified. Shareholder rights firm Hagens Berman is investigating the alleged claims. If you invested in Acadia Healthcare and have substantial losses, or have knowledge that may assist the firm’s investigation, submit your losses now.