Philadelphia, PA–(Newsfile Corp. – December 29, 2024) – A securities class motion lawsuit has been filed towards PACS Group, Inc. (“PACS” or the “Firm”) (NYSE: PACS). The lawsuit was filed on behalf of the patrons of PACS securities between April 8, 2024 and November 21, 2024 inclusive (the “Class Interval”).
CLICK HERE TO FIND OUT MORE ABOUT THIS TRIAL.
Buyers who bought or acquired PACS securities throughout the Class Interval might, on the newest JANUARY 13, 2025are looking for to be named lead plaintiffs representing the category.
Headquartered in Farmington, Utah, PACS operates expert nursing amenities and post-acute care amenities all through america.
Based on the lawsuit, all through the Class Interval, Defendants did not disclose that: (a) PACS inflated its Medicare income by falsely classifying much less severe sufferers as very severe sufferers who required care certified in violation of a Covid-era waiver, thereby guaranteeing larger reimbursement charges; and (b) that after the COVID-era waiver expired, PACS inflated revenues by fraudulently billing sufferers for pointless remedies and providers by no means supplied.
For extra data or to learn to take part on this litigation, please contact Berger Montague: Andrew Abramowitz at aabramowitz@bm.internet or (215) 875-3015, or Peter Hamner at phamner@bm.internetOr CLICK HERE.
A lead plaintiff is a consultant get together who acts on behalf of all class members in directing the litigation. The lead applicant is usually the investor or a small group of buyers who’ve the best monetary curiosity and who’re additionally appropriate and typical of the proposed investor class. The lead plaintiff selects an legal professional to symbolize the lead plaintiff and the category and people attorneys, if authorised by the courtroom, are the lead attorneys or class counsel. Your capability to take part in any restoration, nevertheless, shouldn’t be affected by whether or not you grow to be lead plaintiff. There is no such thing as a have to contact an legal professional to take part or share within the restoration achieved on this case. Any member of the purported class might suggest to the courtroom to function lead plaintiff by an legal professional of their selection, or might select to do nothing and stay an inactive member of the category.
Berger Montague, with workplaces in Philadelphia, Minneapolis, Delaware, Washington, DC, San Diego, San Francisco and Chicago, has been a pioneer in securities class actions since its founding in 1970. Berger Montague has represented particular person buyers and institutional for greater than 5 years. a long time and serves as lead legal professional in courts throughout america.
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