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News  ›  Benzinga

Acadia Healthcare Company, Inc. (ACHC) Shareholders Who Lost Money – Contact Law Offices of Howard G. Smith About Securities Fraud Investigation

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Acadia Healthcare Company, Inc. (ACHC) Shareholders Who Lost Money – Contact Law Offices of Howard G. Smith About Securities Fraud Investigation

Law Offices of Howard G. Smith is investigating potential securities law violations by Acadia Healthcare Company after the company disclosed higher-than-expected litigation expenses and reduced financial guidance, causing stock price decline.

Insights
ORC   positive

Increased stockholders' equity, reported $72.1 million net income, generated 6.7% return on book value, and raised $152.3 million in new equity during the quarter


ACHC   negative

Company announced significant increase in litigation expenses, reduced full-year EBITDA guidance by approximately $49 million, and experienced a 10.9% stock price drop following the disclosure of higher patient-related litigation costs