Acadia Healthcare Requests to Dismiss Class Action Filed by Investors

Court: M.D. Tennessee

Case: 3:24-CV-01238

Acadia Healthcare has requested the court to dismiss the lawsuit filed by investors. The court will determine whether the case proceeds.

What is this lawsuit about?

On September 1, 2024, The New York Times revealed that Acadia Healthcare detained patients without medical necessity and billed insurance providers for unnecessary treatments. Following this, ACHC dropped by 4.5%.

Then, on September 27, 2024, shareholders filed a claim against Acadia Healthcare after the company disclosed it had received subpoenas from the U.S. Attorney’s Office and other agencies related to its admissions and billing practices. On that news, ACHC fell another 16.36%.

What can you do to recover your losses now?

We’re keeping track of all updates and will notify ACHC investors about potential recovery.

More than 600 companies are currently facing securities class action lawsuits, and over 100 are already paying settlements. Connect your brokerage account to automatically check which ones you may have missed.