PACS Group Inc Is Being Sued For Committing Securities Fraud And Impacted Investors Are …
The Schall Law Firm, a shareholder rights litigation firm, recently filed a class action lawsuit against PACS Group, Inc. for alleged violations of federal securities laws. If you purchased PACS securities during its initial public offering on April 11, 2024, or between April 11, 2024, and November 5, 2024, you may be impacted. The lawsuit claims that PACS made false statements to the market, including engaging in a false Medicare claim scam that accounted for more than 100% of its income from 2020 to 2023. Investors who suffered losses are encouraged to contact the Schall Law Firm before January 13, 2025.
The lawsuit alleges that PACS billed Medicare for thousands of unnecessary therapies and falsified documentation related to licensure and staffing. These actions resulted in misleading public statements by the company, leading to investor losses when the truth was revealed. Investors worldwide can join the case to seek recovery of their losses.
To learn more about your rights and participation in the lawsuit, you can contact Brian Schall of the Schall Law Firm at 2049 Century Park East, Suite 2460, Los Angeles, CA 90067, or visit the firm’s website at www.schallfirm.com. Remember, the class action lawsuit has not yet been certified, so it’s essential to take action to protect your interests if you’ve been impacted.
