Acadia Healthcare $179M Securities Class Action Lawsuit Settlement Acadia Healthcare Stock Claims

Investors who purchased Acadia Healthcare common stock between April 30, 2014, and November 15, 2018 can receive cash payments from a $179 million securities class action settlement. The claim deadline is April 30, 2026. File at AcadiaHealthcareSecuritiesLitigation.com to receive your share.

KEY DATES • Claim Deadline: April 30, 2026 • Objection Deadline: April 8, 2026 • Final Approval Hearing: April 29, 2026, 2:00 PM CT • Settlement Website: www.AcadiaHealthcareSecuritiesLitigation.com • Claims Administrator: Verita Global, (888) 777-6014

What This Settlement Pays

Acadia Healthcare agreed to pay $179 million to settle allegations that company executives violated federal securities laws by making false statements about care quality, staffing levels, regulatory compliance, and UK operations performance. This caused Acadia stock to trade at artificially inflated prices, resulting in investor losses.

The settlement resolves the case St. Clair County Employees’ Retirement System v. Acadia Healthcare Company, Inc., Case No. 3:19-cv-00988, pending in the U.S. District Court for the Middle District of Tennessee.

The Lawsuit Explained

Lead plaintiffs alleged Acadia Healthcare and certain executives misrepresented the company’s business operations between 2014 and 2018. Specifically, the lawsuit claimed Acadia falsely stated its facilities provided high-quality care with adequate staffing and regulatory compliance, while also overstating expected revenue and earnings growth from its UK operations.

In reality, the lawsuit alleged, Acadia’s UK business was financially struggling. When the truth emerged in 2017, Acadia lowered its financial guidance, causing stock prices to plummet by 26% and harming investors who purchased shares at artificially inflated prices.

Acadia Healthcare denies all allegations of wrongdoing. The company agreed to settle to avoid the costs, risks, and delays of continued litigation. The settlement includes no admission of liability by Acadia or any current or former officers.

Settlement Amount Breakdown

Understanding exactly how much money is available for claimants requires looking at all deductions:

Total Settlement Fund: $179,000,000

Minus Attorney Fees (estimated): $59,667,000 (33.33%)

Minus Legal Expenses (maximum): $5,500,000

Minus Administrative Costs (estimated): $2,000,000

Minus Lead Plaintiff Service Awards (estimated): $50,000

Net Settlement Fund (approximate): $111,783,000

This means approximately $111.8 million will be distributed to eligible class members after all court-approved deductions. The exact amount depends on final court approval of attorney fees and actual administrative costs.

Who Qualifies for Payment

You qualify if you purchased or otherwise acquired Acadia Healthcare common stock between April 30, 2014, and November 15, 2018 (the “Class Period”).

Both individuals and entities can be class members. Each separate legal entity must submit a separate claim. Joint purchasers must all sign the claim form.

Excluded from the settlement: Acadia Healthcare and its officers, directors, affiliates, legal representatives, heirs, successors, and assigns. Also excluded are those who previously opted out of the class.

Quick Self-Check:

Did you buy Acadia Healthcare (ticker: ACHC) common stock between April 30, 2014, and November 15, 2018? ✓
Do you have brokerage statements or tax records proving your purchase? ✓
Were you excluded from the class definition or did you opt out previously? ✗

If you meet the first two criteria and don’t meet the third, you likely qualify.

Payment Calculation – How Much You’ll Get

Understanding the Pro-Rata Distribution System

This settlement uses a pro-rata distribution based on your “Recognized Loss.” The settlement administrator calculates your Recognized Loss using court-approved formulas that consider:

When you purchased shares (purchase date and price)
When you sold shares (sale date and price, or if you still hold shares)
Artificial inflation in the stock price on purchase and sale dates

Your payout equals your share of the $111.8 million net fund, proportional to your Recognized Loss compared to all valid claims filed.

Acadia Healthcare $179M Securities Class Action Lawsuit Settlement Acadia Healthcare Stock Claims – April 30 Deadline

Recognized Loss Calculation Formula

The exact Recognized Loss depends on your holding pattern:

For shares SOLD during the Class Period (April 30, 2014 – Nov. 15, 2018): Recognized Loss = Lesser of:

(Inflation per share at purchase) – (Inflation per share at sale), OR
(Purchase price) – (Sale price)

For shares HELD through Class Period end and sold by Feb. 13, 2019: Recognized Loss = Least of:

Inflation per share at purchase
(Purchase price) – (Sale price)
(Purchase price) – (Average closing price up to sale date)

For shares HELD through Feb. 13, 2019 or still held: Recognized Loss = Lesser of:

Inflation per share at purchase
(Purchase price) – $35.23 (90-day average closing price)

The settlement administrator has the inflation values for all dates. Your Recognized Claim is the sum of Recognized Loss amounts for all your Acadia shares.

Estimated Average Payment

According to the settlement notice, the estimated average distribution per allegedly damaged share is approximately $2.03 before deductions for administrative costs.

This means if you purchased 500 shares during the Class Period and held them through a corrective disclosure, your approximate payment could be:

500 shares × $2.03 per share = $1,015

However, actual payments depend on total valid claims filed and your specific purchase/sale dates.

📊 PAYMENT EXAMPLES

Example 1: Large Investment Held Long-Term • Investor Profile: Purchased 2,000 shares at $82 per share on June 1, 2017 • Purchase Amount: $164,000 • Holding Period: Sold 2,000 shares at $55 per share on November 20, 2018 • Sale Amount: $110,000 • Trading Loss: $54,000 • Estimated Recognized Loss: $35,000 (after applying inflation formulas) • Pro-rata share calculation: ($35,000 ÷ $55,000,000 total claims) × $111,783,000 • YOUR APPROXIMATE PAYMENT: $22,288

Example 2: Mid-Range Investment • Investor Profile: Purchased 500 shares at $75 per share on March 15, 2017 • Purchase Amount: $37,500 • Holding Period: Sold 500 shares at $62 per share on October 1, 2018 • Sale Amount: $31,000 • Trading Loss: $6,500 • Estimated Recognized Loss: $4,200 • YOUR APPROXIMATE PAYMENT: $2,681

Example 3: Small Investment Still Holding • Investor Profile: Purchased 100 shares at $68 per share on January 10, 2018 • Purchase Amount: $6,800 • Holding Period: Still holding shares (or sold after Feb. 13, 2019) • Current value (using 90-day average): $3,523 • Trading Loss: $3,277 • Estimated Recognized Loss: $1,350 • YOUR APPROXIMATE PAYMENT: $862

⚠️ IMPORTANT ASSUMPTIONS: These examples assume total Recognized Claims of approximately $55 million across all claimants, which would result in a payout of approximately $2.03 per damaged share. Actual payments will be higher or lower depending on the total number of valid claims filed. The settlement administrator will calculate exact amounts after the claim deadline passes.

Address the Unknowns Honestly

The settlement administrator cannot calculate exact per-share values until:

All claims are processed (after April 30, 2026 deadline)
Court grants final approval (hearing scheduled April 29, 2026)
Final attorney fees are approved (requesting up to 33.33%)
Administrative costs are finalized

Once these factors are determined, the administrator will calculate each claimant’s pro-rata share and issue payments. Payments are expected 60-90 days after final court approval, likely in summer or fall 2026.

How to File Your Claim

Option 1: File Online (Recommended)

Visit www.AcadiaHealthcareSecuritiesLitigation.com
Click “Submit a Claim” or “File Online”
Enter your personal information and contact details
Provide your Social Security Number (last 4 digits) or Tax ID
Enter your transaction details (see required information below)
Upload supporting documentation (brokerage statements)
Review and submit by April 30, 2026

Option 2: File by Mail

Download the PDF claim form from www.AcadiaHealthcareSecuritiesLitigation.com
Complete all required fields using black or blue ink
Attach copies (never originals) of supporting documentation
Mail to: Acadia Healthcare Securities Litigation Claims Administrator, c/o Verita Global P.O. Box 301135 Los Angeles, CA 90030-1135
Must be postmarked by April 30, 2026

Required Transaction Information

You must provide detailed transaction history:

Number of shares held at close of trading on April 29, 2014
All purchases of Acadia common stock between April 30, 2014, and February 13, 2019 (dates, quantities, prices)
All sales of Acadia common stock between April 30, 2014, and February 13, 2019 (dates, quantities, prices)
Number of shares held at close of trading on November 15, 2018
Number of shares held at close of trading on February 13, 2019

Supporting Documentation

Acceptable proof includes:

Brokerage account statements showing transactions
Confirmation slips from stock purchases and sales
Tax records (Form 1099-B) reporting stock transactions
Any other documents verifying your Acadia stock ownership and transactions

What Happens After You File

The settlement administrator will:

Review your claim for completeness and accuracy
Calculate your Recognized Loss using the court-approved formula
Determine your pro-rata share of the net settlement fund
Issue payment after final court approval and any appeals are resolved

Minimum Payment Threshold: Claims resulting in payments of less than $10 will not receive a payout.

Payment Timeline: Expect checks to be mailed 60-90 days after the final approval hearing on April 29, 2026, assuming no appeals. This means payments likely arrive in summer or fall 2026.

What You Must Know

Tax Implications

Settlement payments may be taxable income. You will receive a Form 1099 reporting the payment amount if your payment exceeds $600. The settlement administrator is required to report payments to the IRS.

Consult a tax professional to understand how this payment affects your specific tax situation. Some investors may be able to offset the settlement payment against prior capital losses.

Objecting to the Settlement

If you disagree with the settlement terms, you can object by April 8, 2026. Your written objection must include:

Your name, address, and telephone number
Proof you’re a class member (transaction records)
Statement of all objections and reasons
Supporting documents and briefs
Your signature (or your attorney’s signature)

Mail objections to:

The Court Clerk: U.S. District Court, Middle District of Tennessee, 719 Church Street, Nashville, TN 37203
Lead Counsel: Robbins Geller Rudman & Dowd LLP, 655 W. Broadway, Suite 1900, San Diego, CA 92101
Defendants’ Counsel: (address in settlement notice)

You may attend the fairness hearing on April 29, 2026, at 2:00 PM CT at the federal courthouse in Nashville to voice your objection.

Common Filing Mistakes to Avoid

Missing the April 30, 2026 deadline – Late claims will not be accepted
Incomplete transaction history – Must list ALL purchases and sales during relevant periods
No supporting documentation – Brokerage statements are required
Wrong Social Security Number or Tax ID – Payment checks cannot be issued without correct information
Estimating share counts – Use exact numbers from brokerage records
Forgetting shares – Include all accounts where you held Acadia stock

What If Your Claim Is Denied?

The settlement administrator will notify you of any deficiencies in your claim. Common denial reasons include:

Insufficient documentation
Transactions outside the Class Period
Unable to verify stock ownership
Claim filed after deadline
Calculated payment below $10 minimum

You may be able to cure deficiencies by providing additional documentation within the timeframe specified in the denial notice.

Attorney Fees and Costs

Lead Counsel (Robbins Geller Rudman & Dowd LLP) is requesting court approval for:

Attorney fees: Up to 33.33% of the $179 million settlement amount = $59.67 million
Litigation expenses: Up to $5.5 million
Lead Plaintiff service awards: Amounts to be determined (typically $5,000-$25,000 each for the two lead plaintiffs)

These amounts will be deducted from the gross settlement fund before distribution to class members. The court will review these requests at the fairness hearing on April 29, 2026.

Frequently Asked Questions

Q: Do I automatically receive money from this settlement? No. You must file a claim by April 30, 2026, to receive payment. The settlement administrator cannot find all class members automatically.

Q: How do I know if I qualify? Check your brokerage statements. If you purchased Acadia Healthcare (ticker: ACHC) common stock between April 30, 2014, and November 15, 2018, you likely qualify.

Q: What if I sold my Acadia stock at a profit? You may still have a Recognized Loss under the settlement’s formula if you purchased during a period of artificial inflation and sold after a corrective disclosure. File a claim – the administrator will calculate your Recognized Loss.

Q: What if I don’t have all my old brokerage statements? Contact your brokerage firm to request historical account statements. Most brokerages can provide records going back 7-10 years.

Q: Can I file if I bought Acadia stock through a retirement account? Yes. Purchases through 401(k), IRA, or other retirement accounts qualify. Use the account’s Tax ID number on the claim form.

Q: What if I inherited Acadia stock? Executors, administrators, and estate representatives can file claims on behalf of deceased investors. You must provide documentation proving your authority to act on behalf of the estate.

Q: How much will I actually receive? The estimated average is approximately $2.03 per damaged share before administrative deductions. Your actual payment depends on your specific purchase and sale dates, prices, and the total number of valid claims filed.

Q: When will I receive my payment? Payments will be distributed approximately 60-90 days after the final approval hearing on April 29, 2026, assuming no appeals. Expect payment in summer or fall 2026.

Q: What if my payment is calculated at less than $10? You will not receive a payment. The settlement includes a $10 minimum payment threshold to make distribution economically feasible.

Q: What happens if I already opted out of this class action? You cannot participate in the settlement. You are not bound by the settlement’s release of claims and may pursue your own lawsuit against Acadia Healthcare.

Important Case Information

Case Name: St. Clair County Employees’ Retirement System v. Acadia Healthcare Company, Inc., et al.

Case Number: No. 3:19-cv-00988

Court: U.S. District Court for the Middle District of Tennessee

Judge: Honorable William L. Campbell, Jr.

Settlement Amount: $179,000,000

Preliminary Approval Date: January 16, 2026

Final Approval Hearing: April 29, 2026, 2:00 PM CT

Courthouse: Fred D. Thompson U.S. Courthouse and Federal Building, 719 Church Street, Nashville, TN 37203

Contact Information

Settlement Administrator: Acadia Healthcare Securities Litigation Claims Administrator, c/o Verita Global P.O. Box 301135 Los Angeles, CA 90030-1135 Phone: (888) 777-6014 Email: [email protected] Website: www.AcadiaHealthcareSecuritiesLitigation.com

Lead Counsel: Robbins Geller Rudman & Dowd LLP Ellen Gusikoff Stewart 655 W. Broadway, Suite 1900 San Diego, CA 92101 Phone: (800) 449-4900 Email: [email protected]

Disclaimer: This article provides general information based on publicly available court documents, settlement notices, and official sources. It is not legal, financial, or tax advice. For questions about your specific situation, contact the settlement administrator or consult an attorney. Settlement terms are subject to final court approval.

Last Updated: February 16, 2026

About the Author

Sarah Klein, JD, is a licensed attorney and legal content strategist with over 12 years of experience across civil, criminal, family, and regulatory law. At All About Lawyer, she covers a wide range of legal topics — from high-profile lawsuits and courtroom stories to state traffic laws and everyday legal questions — all with a focus on accuracy, clarity, and public understanding.
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Acadia Healthcare $179M Securities Class Action Lawsuit Settlement Acadia Healthcare Stock Claims – April 30 Deadline