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RADNOR, PA – (NewMediaWire) – January 4, 2025 – The law firm of Kessler Topaz Meltzer & Check, LLP (www.ktmc.com) informs investors that a lawsuit has been filed against PACS Group, Inc. (PACS) ) (NYSE: PACS). The case was brought on behalf of investors who bought or acquired PACS in another way: 1) common stock according to / or traceable to the registration statement and prospectus (in general, the Registration Statement) issued in relation to PACS 11 April 2024 initial public offering (IPO); and/or 2) securities between April 11, 2024 and November 5, 2024 inclusive (Class Period). The claimant’s deadline is January 13, 2025.
Contact KESSLER TOPAZ MELTZER & CHECK, LLP:
If you have lost PACS, you can CLICK HERE or go to: https://www.ktmc.com/new-cases/pacs-group-inc?utm_source=PR&utm_medium=link&utm_campaign=pacs&mktm=r
You can also contact attorney Jonathan Naji, Esq. by calling (484) 270-1453 or by email at info@ktmc.com.
The defendants are charged with misconduct:
The Complaint alleges that, in the Registration Statement and throughout the Class Period, the Defendants made false and/or misleading statements, as well as failed to disclose material facts about the company’s business, operations and prospects. Specifically, Defendants failed to disclose to investors that: (1) PACS engaged in a scheme to file false Medicare claims that drove more than 100% of PACS’ operating income from 2020 2023; (2) the company participated in a scheme to pay for thousands of unnecessary respiratory treatments and to combine Medicare; (3) PACS engaged in a scheme to falsify documents related to licenses and employees; and (4) as a result of the foregoing, the Defendants’ favorable statements regarding the company’s business, operations, and prospects were misleading and/or without reasonable basis.
Please CLICK HERE to watch our video or copy and paste this link into your browser: https://youtu.be/Q0twdqzv9kc
PREVIOUS MONTHLY PROCEDURE:
PACS investors, prior to January 13, 2025, may seek to be appointed as lead representative of the class plaintiff by Kessler Topaz Meltzer & Check, LLP or other counsel, or may choose to do nothing and remains a member of the missing group. The lead plaintiff is the representative who represents all the members of the class to conduct the case. The lead plaintiff is usually an investor or a small group of investors who have a significant financial interest and who are also equal and common to the proposed class of investors. The lead plaintiff appoints counsel to represent the lead plaintiff and the class and these attorneys, if approved by the court, are lead or class counsel. Your ability to participate in any recovery is not affected by whether or not you will serve as the lead plaintiff.
Kessler Topaz Meltzer & Check, LLP encourages PACS investors with significant losses to contact the firm directly for more information.
CLICK HERE TO REGISTER A CASE OR GO TO: https://www.ktmc.com/new-cases/pacs-group-inc?utm_source=PR&utm_medium=link&utm_campaign=pacs&mktm=r
ABOUT KESSLER TOPAZ MELTZER & CHECK, LLP:
Kessler Topaz Meltzer & Check, LLP litigates class actions in federal and state courts throughout the country and around the world. The firm has an international reputation and has recovered billions of dollars for victims of fraud and other business disputes. All of our work is driven by one goal: to protect investors, customers, employees and others from fraud, abuse, misconduct and negligence by businesses and individuals. The complaints in this action were not filed by Kessler Topaz Meltzer & Check, LLP. For more information about Kessler Topaz Meltzer & Check, LLP please visit www.ktmc.com.
LEARN:
Kessler Topaz Meltzer & Check, LLP
Jonathan Naji, Esq.
(484) 270-1453
280 King of Prussia Road
Radnor, PA 19087
info@ktmc.com
May be considered a marketing attorney in certain areas. Past results do not guarantee future results.
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