Why Murder Charges Spell Disaster for AAC Holdings

NEW YORK (TheStreet) -- Last Wednesday AAC Holdings reported second-quarter financial results that beat expectations, but the stock has been selling off since then. The problem here could hardly be any worse. On the same day earnings were released, the California Department of Justice indicted several current and former AAC employees over the death of a patient in 2010. The current employees are Jerrod Menz, the company's president and a member of the board, and Meg Dean, an operations director....