Bronstein, Gewirtz & Grossman LLC Files Class Action Lawsuit Against Acadia Healthcare Company, Inc.

NEW YORK, Dec. 08, 2024 (GLOBE NEWSWIRE) -- Attorney Advertising -- Bronstein, Gewirtz & Grossman, LLC, a nationally recognized law firm, announces the filing of a class action lawsuit against Acadia Healthcare Company, Inc. ("Acadia Healthcare" or "the Company") and several of its officers.

Class Action Overview

The class action lawsuit aims to seek damages for alleged breaches of federal securities laws on behalf of individuals and entities who acquired Acadia Healthcare securities during the class period from February 28, 2020, to October 18, 2024. Investors who have experienced substantial losses are encouraged to participate in this lawsuit by visiting the firm's website.

Details of the Allegations

The lawsuit claims that the defendants made several false and misleading statements and failed to disclose crucial information. Specifically, it alleges that: (1) Acadia Healthcare's operational strategy involved detaining vulnerable individuals in their facilities, sometimes without medical necessity; (2) many patients in these facilities faced abusive conditions; (3) the company misled insurance providers into paying for unnecessary stays; and (4) therefore, the defendants' claims about the company’s business practices and future prospects were untrue and lacked a solid basis during the relevant period.

Next Steps for Affected Investors

A class action has already been initiated. For those interested in reviewing the lawsuit complaint, the document is accessible via the firm's website. Potential lead plaintiffs have until December 16, 2024, to submit a request to the court. Being a lead plaintiff is not mandatory for participating in any potential recovery.

No Financial Risk for Investors

The firm operates on a contingency fee basis, meaning that investors will not incur any costs unless the lawsuit is successful. Legal fees will be taken from any total recovery awarded to the plaintiffs.

Why Choose Bronstein, Gewirtz & Grossman?

Bronstein, Gewirtz & Grossman, LLC is a respected firm specializing in securities fraud class actions and shareholder derivative suits. The firm has successfully recovered hundreds of millions of dollars for investors across the nation.

For inquiries, contact:
Bronstein, Gewirtz & Grossman, LLC
Peretz Bronstein or Nathan Miller
Phone: 332-239-2660
Email: [email protected]

lawsuit, investors, healthcare