RADNOR, PA – (NewMediaWire) – January 4, 2025 – The legislation agency of Kessler Topaz Meltzer & Test, LLP (www.ktmc.com) notifies buyers {that a} securities class motion lawsuit has been filed towards PACS Group, Inc (PACS) (NYSE: PACS). The lawsuit is filed on behalf of buyers who bought or in any other case acquired PACS: 1) shares of frequent inventory pursuant to and/or traceable to the registration assertion and prospectus (collectively, the registration assertion) issued in reference to the PACS preliminary public providing of April 11, 2024 (the IPO); and/or 2) securities between April 11, 2024 and November 5, 2024, inclusive (the Class Interval). The lead applicant deadline is January 13, 2025.
CONTACT KESSLER TOPAZ MELTZER & CHECK, LLP:
If in case you have suffered PACS losses, you’ll be able to 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 may also contact lawyer Jonathan Naji, Esq. by calling (484) 270-1453 or by e-mail at data@ktmc.com.
DEFENDANTS ALLEGE MISCONDUCT:
The Grievance alleges that, within the Registration Assertion and all through the Class Interval, Defendants made materially false and/or deceptive statements, and did not disclose materials adversarial details in regards to the enterprise, operations and the prospects of society. Particularly, Defendants did not speak in confidence to buyers that: (1) PACS engaged in a scheme to submit false medical health insurance claims that generated greater than 100% of working revenue and PACS web revenue from 2020 to 2023; (2) the corporate engaged in a scheme to invoice Medicare for hundreds of pointless respiratory and sensory integration therapies; (3) PACS engaged in a scheme to falsify licensure and personnel paperwork; and (4) because of the foregoing, Defendants’ optimistic statements concerning the Firm’s enterprise, operations, and prospects have been materially deceptive and/or lacked an affordable foundation.
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THE LEAD PLAINTIFF PROCESS:
PACS buyers might, no later than January 13, 2025, search appointment as consultant lead plaintiff for the category by Kessler Topaz Meltzer & Test, LLP or different counsel, or might select to do nothing and stay an absent member of the group. 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 lawyer to symbolize the lead plaintiff and the category and people attorneys, if accredited by the court docket, are the lead attorneys or class counsel. Your potential to take part in any restoration just isn’t affected by whether or not you turn out to be lead plaintiff.
Kessler Topaz Meltzer & Test, LLP encourages PACS buyers who’ve suffered vital losses to contact the agency immediately for extra info.
CLICK HERE TO REGISTER 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 pursues class actions in state and federal courts throughout the nation and world wide. The corporate has developed a world repute for excellence and has recovered billions of {dollars} for victims of fraud and different malpractice. All of our work is pushed by a standard objective: to guard buyers, shoppers, workers and others from fraud, abuse, misconduct and negligence by firms and fiduciaries. The claims 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, chemin du Roi de Prussia
Radnor, Pennsylvania 19087
data@ktmc.com
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