The Klein Law Firm announces that a class action complaint has been filed on behalf of shareholders of Acadia Healthcare Company, Inc. (NASDAQGS: ACHC) who purchased shares between February 23, 2017 and October 24, 2017. The action, which was filed in the United States District Court for the Middle District of Tennessee, alleges that the Company violated federal securities laws.
In particular, the Acadia Healthcare lawsuit alleges that (1) the quality of Acadia’s U.K. operations did not give the Company a “competitive strength” that would drive future growth and profitability; and (2) defendants had no reasonable basis to believe--and did not in fact believe--their positive statements about the Company’s business and financial prospects during the Class Period, including their guidance issued and reaffirmed throughout the Class Period.
Shareholders have until December 3, 2018 to petition the court for lead plaintiff status. Your ability to share in any recovery does not require that you serve as lead plaintiff. You may choose to be an absent class member.
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