ACHC Investor Alert: A Securities Fraud Class Action Lawsuit Has Been Filed Against Acadia Healthcare Company, Inc.

Core Viewpoint - A securities class action lawsuit has been filed against Acadia Healthcare Company, Inc. for allegedly making false and misleading statements regarding its business practices and patient treatment during the Class Period from February 28, 2020, to October 18, 2024 [1]. Group 1: Allegations Against Acadia Healthcare - The lawsuit claims that Acadia Healthcare's business model involved holding vulnerable individuals against their will in facilities without medical necessity [3]. - It is alleged that many patients in Acadia Healthcare facilities experienced abuse [3]. - The company is accused of misleading insurance providers into covering unnecessary stays for patients in its facilities [3]. - As a result of these practices, statements made by the defendants about the company's business, operations, and prospects were deemed materially false and misleading [3]. Group 2: Legal Process and Investor Information - Investors in Acadia Healthcare have until December 16, 2024, to seek appointment as lead plaintiff in the class action lawsuit [4]. - A lead plaintiff represents the interests of all class members and selects legal counsel for the case [4]. - Investors who have suffered significant losses are encouraged to contact Kessler Topaz Meltzer & Check, LLP for more information [5].