NEW ORLEANS–(BUSINESS WIRE)–$ACHC #ACHC–Kahn Swick & Foti, LLC (“KSF”) and KSF partner, former Attorney General
of Louisiana, Charles C. Foti, Jr., remind investors that they have until
December 3, 2018 to file lead plaintiff applications in a securities
class action lawsuit against Acadia Healthcare Company, Inc. (NasdaqGS:
ACHC), if they purchased the Company’s securities between February 23,
2017 and October 24, 2017, inclusive (the “Class Period”). This action
is pending in the United States District Court for the Middle District
What You May Do
If you purchased securities of Acadia and would like to discuss your
legal rights and how this case might affect you and your right to
recover for your economic loss, you may, without obligation or cost to
you, contact KSF Managing Partner Lewis Kahn toll-free at 1-877-515-1850
or via email (firstname.lastname@example.org),
or visit https://www.ksfcounsel.com/cases/nasdaqgs-achc/
to learn more. If you wish to serve as a lead plaintiff in this class
action, you must petition the Court by December 3, 2018.
About the Lawsuit
Acadia and certain of its executives are charged with failing to
disclose material information during the Class Period, violating federal
On October 24, 2017, the Company disclosed negative financial results
for 3Q 2017 including revenue and EPS reductions to guidance for fiscal
year 2017 and a significant cut to EBITDA relating to its U.K.
facilities purportedly driven by “lower census and higher operating
On this news, the price of Acadia’s shares plummeted 26% to close at
$32.68 per share.
About Kahn Swick & Foti, LLC
KSF, whose partners include the former Louisiana Attorney General
Charles C. Foti, Jr., is a law firm focused on securities, antitrust and
consumer class actions, along with merger & acquisition and breach of
fiduciary litigation against publicly traded companies on behalf of
shareholders. The firm has offices in New York, California and Louisiana.
To learn more about KSF, you may visit www.ksfcounsel.com.
Kahn Swick & Foti, LLC
Lewis Kahn, 1-877-515-1850