Shareholders Filed a Lawsuit Against $ACHC for Deceptive Patient Detainment and Insurance Practices

Court: M.D. Tennessee

Case: 3:24-CV-01238

On October 16, 2024, ACHC shareholders have filed a class action against Acadia Healthcare, accusing it of detaining patients without medical necessity and deceiving insurance providers.

What is this lawsuit about?

On September 1, 2024, the New York Times revealed that Acadia detained patients without medical need and billed insurers for unnecessary treatments. Following this, ACHC dropped by 4.5%.

Then, on September 27, 2024, Acadia disclosed receiving subpoenas from the U.S. Attorney’s Office and other agencies regarding its admissions and billing practices, causing the stock to fall 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.