Healthcare

Class Action Lawsuit Targets Acadia Healthcare Over Allegations of Unnecessary Detentions and Patient Abuse

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Radnor, PA – A significant legal action has commenced as Kessler Topaz Meltzer & Check, LLP announced the filing of a class action lawsuit against Acadia Healthcare Company, Inc. The lawsuit pertains to investors who acquired securities from the company during the period from February 28, 2020, to October 18, 2024. An important deadline for potential lead plaintiffs to join the lawsuit is marked for December 16, 2024. The law firm, known for its vigorous litigation efforts on behalf of shareholders, stands in readiness to assist those affected. Investors who have suffered substantial losses are … Read more

Demarest Advogados Expands Expertise with Strategic Hire from Rabelo Law, Elevating Its Position in Life Sciences and Healthcare

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São Paulo, Brazil – In a strategic move to enhance its expertise in the healthcare and life sciences sectors, Demarest Advogados, a top-tier Brazilian law firm, has announced the addition of a significant new member to its team. The firm has successfully recruited one of the co-founders of the specialized local boutique Rabelo Law, marking a significant expansion in its legal prowess. This recent acquisition highlights Demarest Advogados’s aggressive growth strategy, as the new hire becomes the 10th lateral recruitment for the firm this year alone. This pattern underscores the firm’s commitment to strengthening its … Read more

Pennsylvania AG Sues Medical Giant for Mismanagement, Aiming to Protect Community Healthcare

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Delaware County, Pennsylvania — The Pennsylvania Attorney General, Michelle Henry, has initiated a legal battle with Prospect Medical Holdings over alleged mismanagement and neglect of the Crozer Health System, which has significantly impacted the community’s access to healthcare. The lawsuit accuses the company of syphoning off resources from the health system, which resulted in a hospital shutdown and reduced services across other facilities, breaking their initial promises made to the community. According to the Attorney General, Prospect Medical Holdings failed to uphold the conditions stipulated in an agreement dating back to 2016. The agreement, approved … Read more

Major Lawsuit Targets Acadia Healthcare Over Alleged Insurance Fraud and Patient Detainment Practices

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New York – A prominent securities law firm, Bleichmar Fonti & Auld LLP, has initiated a lawsuit against Acadia Healthcare Company, Inc. and certain top executives, alleging misconduct that includes insurance fraud and unethical patient retention practices. This legal action puts one of the largest for-profit psychiatric hospital chains in the U.S. under scrutiny for its operations and financial declarations. Investors in Acadia Healthcare are encouraged to join the lawsuit if they seek to recover losses from investments made during the implicated period. The legal claim, filed in the U.S. District Court for the Middle … Read more