Acadia Healthcare investors have reached a settlement in principle, avoiding a trial set for later this month. We’re proud to have supported expert witness Michael J. Willis, PhD, whose analysis played a key role in clarifying critical issues and helping drive this resolution.
Vega Economics expert Michael J. Willis, PhD, served as an expert witness in St. Clair County Employees’ Retirement System v. Acadia Healthcare Company, Inc. Prof. Willis was engaged by Robbins Geller Rudman & Dowd LLP to analyze Acadia Healthcare’s fiscal year 2017 financial guidance and the budgeting practices that supported it following the company’s acquisition of the UK-based Priory Group.
This follows a partial summary judgment in favor of the investors on the issue of reliance, and ongoing disputes over whether Acadia’s statements were protected under the safe harbor provision and whether loss causation was established.
Michael Willis is a Management Practice Associate Professor of Accounting at the University of Cambridge Judge Business School and Director of the Executive Master of Accounting Programme. He holds a PhD in Accounting from the Wharton School of the University of Pennsylvania, an MBA, and a BS in Computer Science from Brigham Young University. He has more than 17 years of experience analyzing financial statements and corporate transactions and has served as an expert witness in multiple matters involving complex accounting issues under U.S. GAAP and IFRS.
Follow this link for more information and the public reports submitted by Prof. Willis.