PACS Group Inc Is Being Sued For Committing Securities Fraud And Impacted Investors Are …
The Schall Law Firm has filed a class-action lawsuit against PACS Group, Inc. for violating federal securities laws. If you bought PACS securities during its initial public offering on April 11, 2024, or between April 11, 2024 and November 5, 2024, you’re invited to reach out to the firm before January 13, 2025.
During this period, PACS is alleged to have engaged in Medicare fraud, inflating its income numbers. They billed Medicare for unnecessary therapies and falsified documentation related to licensure and staffing. These actions resulted in misleading public statements that were only revealed after the IPO, leading to investor losses.
If you’ve suffered losses due to this situation, you can join the case to recover your losses. The Schall Law Firm specializes in securities class action lawsuits and shareholder rights litigation. Feel free to contact the firm for a free discussion of your rights.
