LOS ANGELES, Jan. 15, 2025 (GLOBE NEWSWIRE) -- The Law Offices of Frank R. Cruz is investigating potential claims against the board of directors of Acadia Healthcare Company, Inc. (“Acadia” or the “Company”) (NASDAQ: ACHC) concerning whether the board breached its fiduciary duties to shareholders.
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On September 1, 2024, The New York Times reported that, based on its investigation, the Company “lured patients into its facilities and held them against their will, even when detaining them was not medically necessary.”
Following this article, the Company revealed that it had received a request for information from the United States Attorney’s Office for the Southern District of New York and a grand jury subpoena from the United States District Court for the Western District of Missouri “related to its admissions, length of stay and billing practices.”
Our investigation concerns whether the Company’s board of directors breached its fiduciary duties to shareholders and/or grossly mismanaged the Company in connection with the above alleged misconduct.
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If you still hold Acadia shares purchased before February 2020 and wish to discuss this matter with us, or have any questions concerning your rights and interests with regards to this matter, please contact Frank R. Cruz, of The Law Offices of Frank R. Cruz, 2121 Avenue of the Stars, Suite 800, Los Angeles, California 90067 at 310-914-5007, by email to info@frankcruzlaw.com, or visit our website at www.frankcruzlaw.com. If you inquire by email please include your mailing address, telephone number and number of shares purchased.
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Contacts
The Law Offices of Frank R. Cruz, Los Angeles
Frank R. Cruz, 310-914-5007
fcruz@frankcruzlaw.com
www.frankcruzlaw.com
