Kahn Swick & Foti, LLC, led by former Louisiana Attorney General Charles C. Foti, Jr., is investigating Acadia Healthcare following the company's disclosure of a U.S. Attorney's Office inquiry and grand jury subpoena related to its admissions, length of stay, and billing practices. Acadia also lowered its 2024 revenue and EBITDA forecasts due to slower patient growth. The company faces a securities class action lawsuit for allegedly failing to disclose material information, with the court allowing the case to proceed after denying Acadia's motion to dismiss. KSF is examining whether Acadia's executives breached fiduciary duties or violated laws, inviting shareholders to come forward with information or discuss legal rights.
