2010-05-13 Psychiatric Solutions Executive Pay Probed by Justice Department

2010-05-13 Robin Fields ProPublica \Psychiatric Solutions, Inc.\executive pay http://www.propublica.org/feature/psychiatric-solutions-inc-justice-department-0513 Psychiatric Solutions' Executive Pay Probed by Justice Department Psychiatric Solutions Executive Pay Probed by Justice Department  The U.S. Department of Justice has opened an investigation into executive compensation at Psychiatric Solutions Inc., which is the nation’s leading provider of inpatient mental health care and has been the subject of several articles by ProPublica.

According to a report filed earlier this week with the SEC, the Tennessee chain has received a subpoena demanding records related to executive salaries, stock sales, stock options and option exercises. The Justice Department also has asked for communications between company leaders, investors and investment firms, the filing says.

&ldquo;The U.S. Department of Justice has opened an investigation into executive compensation at Psychiatric Solutions Inc., which is the nation’s leading provider of inpatient mental health care and has been the subject of several articles by ProPublica.&rdquo;   