LOS ANGELES--(BUSINESS WIRE)--The Law Offices of Frank R. Cruz announces an investigation of Acadia Healthcare Company Inc. (“Acadia” or the “Company”) (NASDAQ: ACHC) on behalf of investors concerning the Company’s possible violations of federal securities laws.
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On September 27, 2024, news outlets reported that Acadia agreed to pay $16.6 million to resolve allegations that it violated the False Claims Act by billing federal healthcare programs for unnecessary or non-compliant inpatient behavioral health services.
On this news, Acadia’s stock price fell as much as 29% during intraday trading on September 27, 2024, thereby injuring investors.
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If you purchased Acadia securities, have information or would like to learn more about these claims, or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Frank R. Cruz, of The Law Offices of Frank R. Cruz, 2121 Avenue of the Stars, Suite 800, Century City, 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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