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ACADIA HEALTHCARE ALERT: Bragar Eagel & Squire, P.C. is Investigating Acadia Healthcare Company, Inc. on Behalf of Long-Term Stockholders and Encourages Investors to Contact the Firm
ACHCAcadia Healthcare(ACHC) GlobeNewswire News Room·2025-02-21 02:00

Core Viewpoint - Acadia Healthcare Company, Inc. is facing a class action lawsuit alleging breaches of fiduciary duties by its board of directors, with claims that the company engaged in misleading practices regarding its business model and treatment of patients [1][2]. Group 1: Lawsuit Details - The class action complaint was filed on October 16, 2024, covering a Class Period from February 28, 2020, to October 30, 2024 [1]. - Allegations include that Acadia's business model involved holding vulnerable individuals against their will, subjecting patients to abuse, and deceiving insurance providers into covering unnecessary stays [2]. Group 2: Impact on Investors - The lawsuit claims that the misleading statements made by Acadia's management resulted in material damages to investors when the true nature of the company's operations was revealed [2]. Group 3: Legal Representation - Bragar Eagel & Squire, P.C. is investigating potential claims on behalf of long-term stockholders and offers contact information for those interested in learning more about the claims [3].