ACADIA HEALTHCARE 72 HOUR DEADLINE ALERT: Approximately 72 Hours Remain; Former Louisiana Attorney General and Kahn Swick & Foti, LLC Remind Investors with Losses in Excess of $100,000 of Deadline in Class Action Lawsuit Against Acadia Healthcare Company, Inc.
Business Wire 30-Nov-2018 10:50 PM
Kahn Swick & Foti, LLC ("KSF") and KSF partner, the former Attorney
General of Louisiana, Charles C. Foti, Jr., remind investors with large
financial interests that they have only until December 3, 2018 to
file lead plaintiff applications in a securities class action lawsuit
against Acadia Healthcare Company, Inc. (NASDAQ: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 of Tennessee.
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 (lewis.kahn@ksfcounsel.com),
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 by overseeing lead counsel with the goal of obtaining a fair and
just resolution, you must request this position by application to the
Court by December 3, 2018.
About the Lawsuit
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
costs." 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.
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