LegalSep 25, 2026, 04:23 PM
Acadia Healthcare Reaches Preliminary Settlement in Derivative Lawsuits
AI Summary
Acadia Healthcare Company, Inc. announced a preliminary settlement in consolidated stockholder derivative actions. The settlement, preliminarily approved by the U.S. District Court for the Middle District of Tennessee, includes a $12,000,000 cash payment from insurers to the Company and the implementation of corporate governance reforms. The derivative actions alleged misleading statements, issues with care and staffing, UK operations, and insider trading.
Key Highlights
- Acadia Healthcare Company, Inc. has reached a preliminary settlement in stockholder derivative actions.
- The settlement involves a cash payment of $12,000,000 from insurers to the Company.
- The settlement also includes corporate governance reforms to be implemented by Acadia.
- The U.S. District Court for the Middle District of Tennessee granted preliminary approval on September 1, 2026.
- The settlement resolves claims related to alleged misleading statements, quality of care, staffing, UK operations, and insider trading.
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