Week Adjourned: 9.25.09

Psychiatric Solutions feeling a bit under the weatherTop Class Actions

Behavioral Healthcare Behaving Badly? So, another securities class action to report this week, this one centers on Psychiatric Solutions Inc, a company that provides inpatient behavioral healthcare services. Great—they’re in the behaviour business…that’s encouraging…The suit alleges that the folks running the company— directors and officers—failed to disclose problems regarding safeguards and controls for some of its operations, and that the company directors and certain of its officers flogged stock on the back of “materially false and misleading” statements about their financial health.

While this class action obviously affects people who bought Psychiatric Solutions stock, did you know that if you are an employee and have been issued stock or stock options in this company—you may be eligible as a plaintiff in this class action under Employee Retirement Income Security Act (ERISA)?

Top Settlements

Say it isn’t True, True. Another dating story gone wrong—only this time it’s the dating site that’s to blame—not the date. TrueBeginnings LLC, the owner and operator of the True.com Continue reading “Week Adjourned: 9.25.09”