Acadia healthcare (achc) faces sec subpoena over admissions and billings practices, stock falls again, class action pending – hagens berman

San francisco, dec. 09, 2024 (globe newswire) -- acadia healthcare company (nasdaq: achc) is under fire as it faces a series of securities class-action lawsuits. investors allege the company misled them about its business practices, with the most recent lawsuit, filed on october 29, 2024, expanding the class period to end on october 18, 2024. this extension followed a report from the new york times, which revealed that the veterans affairs department had launched an investigation into acadia, causing the company's stock price to plummet on october 18, 2024. the price of acadia shares fell sharply again on october 31, 2024 after the company revealed it received a subpoena from the sec.
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