855.846.6529 tmiles@timmileslaw.com

(M.D. Tenn.) (Haynes, J.) (Liaison Counsel) ($65 million settlement). This case was filed on September 21, 2009, on behalf of purchasers of Psychiatric Solutions, Inc. (“PSI”) stock during the February 21, 2008 through February 25, 2009 class period against certain of its current and former officers allegeing that PSI, which operated more than 95 psychiatric facilities for at-risk children and teens, deceived investors about the strength, financial condition and sustainability of its business, the quality of care it delivered to patients, and manipulations of its malpractice reserves. The complaint alleges that PSI failed to sufficiently staff its facilities, resulting in alarming incidents of abuse, neglect, and even the death of its patients, and downplayed the significance of these events when they became public. After raising its earnings guidance throughout the class period, on February 25, 2009, PSI stunned investors by missing earnings guidance due to rising malpractice costs and regulatory expenses related to an investigation at its Riveredge Hospital in Chicago, Illinois. On this news, PSI’s stock fell $9.79 per share (35%), causing damage to members of the class. In April 2009, Illinois regulators issued a scathing report describing “egregious quality failures” at Riveredge Hospital and other PSI facilities, causing another 8% decline in the value of PSI stock and further harm to investors. Mr. Miles, along with Co-Lead Counsel was extensively involved in the case including motion practice, attending court hearings, the discovery phase which included reviewing tens-of-thoundsands of documents produced by defendants and well as attending numerous depositions. The case settled for $65 million on the eve of trail and represented the third largest securities recovery in the Middle District of Tennessee and the third largest in more than a decade.