Acadia Healthcare(ACHC) Prnewswire·2024-12-11 15:00Core Viewpoint - A securities class action lawsuit has been filed against Acadia Healthcare Company, Inc. for allegedly making materially false and misleading statements regarding its business practices and patient treatment during the Class Period from February 28, 2020, to October 18, 2024 [1][3]. Group 1: Allegations Against Acadia Healthcare - The lawsuit claims that Acadia Healthcare's business model involved holding vulnerable individuals against their will in its facilities, even when not medically necessary [3]. - It is alleged that many patients in Acadia Healthcare facilities were subjected to abuse [3]. - The company is accused of deceiving insurance providers into covering costs for patients who did not require hospitalization [3]. - As a result of these practices, the statements made by Acadia Healthcare regarding its business operations and future 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 a lead plaintiff representative in the class action lawsuit [4]. - A lead plaintiff is typically the investor or small group of investors with the largest financial interest in the case and who are representative of the class [4]. - Investors who have suffered significant losses are encouraged to contact Kessler Topaz Meltzer & Check, LLP for more information [5].