Acadia Set to Face Trial in Investor Class Suit Over Quality (1)

Acadia Healthcare Co. Inc. lost its bid avert trial in an investor class action alleging the behavioral health-care provider misrepresented its patient care, staffing, and regulatory compliance.

Chief Judge William L. Campbell Jr. also granted the investors’ request for presumptions of class-wide reliance on any omissions or misstatements they show to be pertinent to investment decisions at trial. Acadia failed to identify any evidence to rebut a presumption tied to withheld information and didn’t sufficiently refute the assumption connected to alleged misrepresentations, the US District Court for the the Middle District of Tennessee said Thursday.

The jury won’t be instructed ...