RADNOR, PA – (NewMediaWire) – January 4, 2025 – The regulation agency of Kessler Topaz Meltzer & Test, LLP (www.ktmc.com) informs traders {that a} securities class motion lawsuit has been filed towards PACS Group, Inc. (PACS) (NYSE: PACS). The lawsuit is introduced on behalf of traders who bought or in any other case acquired PACS: 1) widespread inventory pursuant and/or traceable to the registration assertion and prospectus (collectively, the Registration Assertion) issued in reference to PACS April 11, 2024 preliminary public providing (the IPO); and/or 2) securities between April 11, 2024 and November 5, 2024 inclusive (the Class Interval). The lead plaintiff deadline is January 13, 2025.
CONTACT KESSLER TOPAZ MELTZER & CHECK, LLP:
When you suffered PACS losses, you could CLICK HERE or go to: https://www.ktmc.com/new-cases/pacs-group-inc?utm_source=PR&utm_medium=hyperlink&utm_campaign=pacs&mktm=r
You can too contact legal professional Jonathan Naji, Esq. by calling (484) 270-1453 or by electronic mail at information@ktmc.com .
DEFENDANTS ALLEGED MISCONDUCT:
The criticism alleges that, within the Registration Assertion and all through the Class Interval, Defendants made materially false and/or deceptive statements, in addition to didn’t disclose materials antagonistic information concerning the companys enterprise, operations, and prospects. Particularly, Defendants didn’t open up to traders that: (1) PACS engaged in a scheme to submit false Medicare claims which drove greater than 100% of PACS working and web earnings from 2020 2023; (2) the corporate engaged in a scheme to invoice 1000’s of pointless respiratory and sensory integration therapies to Medicare; (3) PACS engaged in a scheme to falsify documentation associated to licensure and staffing; and (4) because of the foregoing, Defendants constructive statements concerning the companys enterprise, operations, and prospects have been materially deceptive and/or lacked an affordable foundation.
Please CLICK HERE to view our video or copy and paste this hyperlink into your browser: https://youtu.be/Q0twdqzv9kc
THE LEAD PLAINTIFF PROCESS:
PACS traders could, no later than January 13, 2025, search to be appointed as a lead plaintiff consultant of the category by means of Kessler Topaz Meltzer & Test, LLP or different counsel, or could select to do nothing and stay an absent class member. A lead plaintiff is a consultant celebration who acts on behalf of all class members in directing the litigation. The lead plaintiff is often the investor or small group of traders who’ve the most important monetary curiosity and who’re additionally ample and typical of the proposed class of traders. The lead plaintiff selects counsel to symbolize the lead plaintiff and the category and these attorneys, if authorized by the courtroom, are lead or class counsel. Your capacity to share in any restoration is just not affected by the choice of whether or not or to not function a lead plaintiff.
Kessler Topaz Meltzer & Test, LLP encourages PACS traders who’ve suffered vital losses to contact the agency immediately to accumulate extra data.
CLICK HERE TO SIGN UP FOR THE CASE OR GO TO: https://www.ktmc.com/new-cases/pacs-group-inc?utm_source=PR&utm_medium=hyperlink&utm_campaign=pacs&mktm=r
ABOUT KESSLER TOPAZ MELTZER & CHECK, LLP:
Kessler Topaz Meltzer & Test, LLP prosecutes class actions in state and federal courts all through the nation and all over the world. The agency has developed a world fame for excellence and has recovered billions of {dollars} for victims of fraud and different company misconduct. All of our work is pushed by a typical purpose: to guard traders, shoppers, workers and others from fraud, abuse, misconduct and negligence by companies and fiduciaries. The complaints on this motion weren’t filed by Kessler Topaz Meltzer & Test, LLP. For extra details about Kessler Topaz Meltzer & Test, LLP please go to www.ktmc.com .
CONTACT:
Kessler Topaz Meltzer & Test, LLP
Jonathan Naji, Esq.
(484) 270-1453
280 King of Prussia Highway
Radnor, PA 19087
information@ktmc.com
Could also be thought-about legal professional promoting in sure jurisdictions. Previous outcomes don’t assure future outcomes.
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