Defendant Name:
Acadia Healthcare Company, Inc.
Defendant Type:
Public Company
SIC Code:
9999
CUSIP:
00404A10
Document Reference:
34-100970
Document Details
Legal Case Name
In the Matter of Acadia Healthcare Company, Inc.
Document Name
Order Instituting Cease-and-Desist Proceedings Pursuant to Section 21C of the Securities Exchange Act of 1934, Making Findings, and Imposing a Cease-and-Desist Order
Document Date
09-Sep-2024
Document Format
Administrative Proceeding
Allegation Type
Other
Document Summary
On September 9, 2024, the SEC instituted settled cease-and-desist proceedings against Acadia Healthcare Company, Inc., stating: "As a regular part of its business, Acadia enters into employment agreements with new employees and separation agreements with departing employees. These agreements define the rights and responsibilities of the company and the employee during the employment relationship and after the employee’s departure. . . [T]hese provisions created impediments to participation in the Commission’s whistleblower program by requiring employees to forego either their right to file a complaint with the Commission staff or the financial award they might receive for doing so."
Disgorgement & Penalty Information
Resolutions
Cease and Desist Order
Cooperation Before the Resolution
Remedial Acts or Efforts Before the Resolution
Monetary Penalties:
Civil Penalty
Individual:
$1,386,000.00
Shared:
