Class Action Reminder (PACS): Kessler Topaz Meltzer & Check, LLP reminds investors of PACS Group, Inc.
RADNOR, PA–(NewMediaWire)–December 30, 2024–The law firm of Kessler Topaz Meltzer & Check, LLP (www.ktmc.com) informs investors that against PACS Group, Inc. ) (NYSE: PACS). The action is brought on behalf of investors who purchased or otherwise acquired in PACS: 1) common stock pursuant to and/or traceable to the registration statement and prospectus (collectively, the Registration Statement) issued in connection with the initial public offering of PACS April 11, 2024 (IPO); and/or 2) securities between April 11, 2024 and November 5, 2024 inclusive (Class Period). The deadline for the chief prosecutor is January 13, 2025.
CONTACT KESSLER TOPAZ MELTZER & CHECK, LLP:
If you have suffered PACS losses, 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 may also contact attorney Jonathan Naji, Esq. by calling (484) 270-1453 or emailing info@ktmc.com.
ALLEGED MISCONDUCT OF THE ACCUSED:
The complaint alleges that, in the Registration Statement and throughout the Lecture Period, the defendants made materially false and/or misleading statements, as well as failed to disclose materially negative facts about the company’s business, operations and prospects. Specifically, Defendants failed to disclose to investors that: (1) PACS engaged in a fraudulent Medicare claims scheme that resulted in more than 100% of PACS’ operating and net income from 2020 to 2023; (2) a company engaged in a scheme to bill Medicare for thousands of unnecessary respiratory and sensory integration therapies; (3) PACS involved in a scheme to falsify documentation related to licensing and employment; and (4) as a result of the foregoing, the defendants’ positive statements about the company’s business, operations and prospects were materially misleading and/or lacked a reasonable basis.
CLICK HERE to watch our video or copy and paste this link into your browser: https://youtu.be/Q0twdqzv9kc
PROCEDURE OF THE CHIEF PROSECUTOR:
PACS Investors may, no later than January 13, 2025, request to be appointed lead plaintiff, class representative through Kessler Topaz Meltzer & Check, LLP or other counsel, or may choose to do nothing and remain an absent class member. The lead plaintiff is the representative party that acts on behalf of all class members in the conduct of the litigation. The lead plaintiff is usually an investor or a small group of investors who have the greatest financial interest and who are also appropriate and typical of the proposed class of investors. The lead plaintiff selects counsel to represent the lead plaintiff and the class and those attorneys, if approved by the court, are lead or class counsel. Deciding whether or not to be the lead claimant does not affect your ability to participate in the recovery.
Kessler Topaz Meltzer & Check, LLP encourages PACS investors who have suffered significant losses to contact the firm directly for more information.
CLICK HERE TO APPLY FOR 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 state and federal courts nationwide and around the world. The company has built a global reputation for excellence and has recovered billions of dollars from victims of fraud and other corporate wrongdoing. All of our work is driven by a common goal: to protect investors, consumers, employees and others from fraud, abuse, misconduct and negligence by companies and fiduciaries. No appeals in this action were filed by Kessler Topaz Meltzer & Check, LLP. For more information about Kessler Topaz Meltzer & Check, LLP, visit www.ktmc.com.
CONTACT:
Kessler Topaz Meltzer & Check, LLP
Jonathan Naji, Esq.
(484) 270-1453
280 King of Prussia Road
Radnor, PA 19087
info@ktmc.com
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