NEW
YORK, Nov. 22, 2024 /PRNewswire/ -- The Gross
Law Firm issues the following notice to shareholders
of PACS Group, Inc. (NYSE: PACS).
Shareholders who purchased shares of PACS during the class
period listed are encouraged to contact the firm regarding possible
lead plaintiff appointment. Appointment as lead plaintiff is not
required to partake in any recovery.
CONTACT US HERE:
https://securitiesclasslaw.com/securities/pacs-group-inc-loss-submission-form/?id=112973&from=4
CLASS PERIOD: This lawsuit is on behalf of persons
and entities that purchased or otherwise acquired PACS Group: (a)
common stock pursuant and/or traceable to the registration
statement and prospectus issued in connection with the Company's
April 11, 2024 initial public
offering; and/or (b) securities between April 11, 2024 and November 5, 2024 inclusive.
ALLEGATIONS: The complaint alleges that during the
class period, Defendants issued materially false and/or misleading
statements and/or failed to disclose that: (1) the Company engaged
in a "scheme" to submit false Medicare claims which "drove more
than 100% of PACS' operating and net income from 2020 – 2023"; (2)
the Company engaged in a "scheme" to "bill thousands of unnecessary
respiratory and sensory integration therapies to Medicare"; (3) the
Company engaged in a scheme to falsify documentation related to
licensure and staffing; and (4) as a result of the foregoing,
defendants' positive statements about the Company's business,
operations, and prospects were materially misleading and/or lacked
a reasonable basis.
DEADLINE: January 13, 2025
Shareholders should not delay in registering for this class action.
Register your information here:
https://securitiesclasslaw.com/securities/pacs-group-inc-loss-submission-form/?id=112973&from=4
NEXT STEPS FOR SHAREHOLDERS: Once you register as a
shareholder who purchased shares of PACS during the timeframe
listed above, you will be enrolled in a portfolio monitoring
software to provide you with status updates throughout the
lifecycle of the case. The deadline to seek to be a lead plaintiff
is January 13, 2025. There is no cost
or obligation to you to participate in this case.
WHY GROSS LAW FIRM? The Gross Law Firm is a nationally
recognized class action law firm, and our mission is to protect the
rights of all investors who have suffered as a result of deceit,
fraud, and illegal business practices. The Gross
Law Firm is committed to ensuring that companies adhere to
responsible business practices and engage in good corporate
citizenship. The firm seeks recovery on behalf of investors who
incurred losses when false and/or misleading statements or the
omission of material information by a company lead to artificial
inflation of the company's stock. Attorney advertising. Prior
results do not guarantee similar outcomes.
CONTACT:
The Gross Law Firm
15 West 38th Street, 12th floor
New York, NY, 10018
Email: dg@securitiesclasslaw.com
Phone: (646) 453-8903
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SOURCE The Gross Law Firm
