SAN DIEGO, CA / ACCESSWIRE / February 9, 2021 / The Shareholders Foundation, Inc. announces that a lawsuit is pending for certain investors in shares of Acadia Healthcare Company Inc (NASDAQ:ACHC).
Investors, who purchased shares of Acadia Healthcare Company Inc (NASDAQ:ACHC) in April 2014 or earlier and continue to hold NASDAQ: ACHC shares, have certain options and should contact the Shareholders Foundation at [email protected] or call +1(858) 779 - 1554.
On March 14, 2018, a lawsuit was filed against Acadia Healthcare Company Inc over alleged Securities Laws violations. The plaintiff alleged that the defendants made materially false and misleading statements regarding Acadia's business and operations, including by falsely stating that the quality of Acadia's U.K. operations gave it a "competitive strength" that would drive future growth and profitability, and by issuing false and misleading guidance regarding the Company's actual and projected 2017 revenue, earnings before interest, taxes, depreciation and amortization ("EBITDA") and earnings per share ("EPS"), and that as a result of defendants' false statements, Acadia stock traded at artificially inflated prices of more than $52 per share between February 23, 2017 and October 24, 2017, and that while Acadia stock was trading at these allegedly artificially inflated prices, the Company's CEO and President sold 706,000 shares of their Acadia stock for proceeds of more than $35 million.
On April 1, 2019, a consolidated complaint was filed, and defendants filed their motion to dismiss the complaint on May 31, 2019.
On January 20, 2021, the Court issued an Order denying Defendants' Motion to Dismiss.
Those who purchased Acadia Healthcare Company Inc (NASDAQ:ACHC) shares should contact the Shareholders Foundation, Inc.
CONTACT:
Shareholders Foundation, Inc.
Michael Daniels
+1 (858) 779-1554
[email protected]
3111 Camino Del Rio North
Suite 423
San Diego, CA 92108
The Shareholders Foundation, Inc. is a professional portfolio legal monitoring and a settlement claim filing service, which does research related to shareholder issues and informs investors of securities class actions, settlements, judgments, and other legal related news to the stock/financial market. The Shareholders Foundation, Inc. is not a law firm. Any referenced cases, investigations, and/or settlements are not filed/initiated/reached and/or are not related to Shareholders Foundation. The information is only provided as a public service. It is not intended as legal advice and should not be relied upon.
SOURCE: Shareholders Foundation, Inc.