RADNOR, Pennsylvania. – (NewMediaWire) – December 21, 2024 – The regulation agency of Kessler Topaz Meltzer & Verify, LLP (www.ktmc.com) notifies traders {that a} securities class motion lawsuit has been filed in opposition to PACS Group, Inc. (PACS ) (NYSE: PACS). The lawsuit is filed on behalf of traders 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:
When you’ve got suffered PACS losses, you possibly can 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 can too contact legal professional Jonathan Naji, Esq. by calling (484) 270-1453 or by e-mail at information@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 opposed information concerning the enterprise, operations and the prospects of society. Particularly, Defendants did not confide in traders 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) on account of the foregoing, Defendants’ optimistic statements concerning the Firm’s enterprise, operations, and prospects have been materially deceptive and/or lacked an affordable foundation.
Please CLICK HERE to view our video or copy and paste this hyperlink into your browser: https://youtu.be/Q0twdqzv9kc
THE LEAD PLAINTIFF PROCESS:
PACS traders could, no later than January 13, 2025, search appointment as consultant lead plaintiff for the category by means of Kessler Topaz Meltzer & Verify, LLP or different counsel, or could select to do nothing and stay an absent member of the group. A lead plaintiff is a consultant social gathering who acts on behalf of all class members in directing the litigation. The lead applicant is usually the investor or a small group of traders 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 characterize the lead plaintiff and the category and people attorneys, if authorized by the court docket, are the lead attorneys or class counsel. Your means to take part in any restoration shouldn’t be affected by whether or not you develop into lead plaintiff.
Kessler Topaz Meltzer & Verify, LLP encourages PACS traders 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 & Verify, LLP pursues class actions in state and federal courts throughout the nation and around the globe. The corporate has developed a world status for excellence and has recovered billions of {dollars} for victims of fraud and different malpractice. All of our work is pushed by a standard purpose: to guard traders, customers, staff and others from fraud, abuse, misconduct and negligence by firms and fiduciaries. The claims on this motion weren’t filed by Kessler Topaz Meltzer & Verify, LLP. For extra details about Kessler Topaz Meltzer & Verify, LLP, please go to www.ktmc.com.
CONTACT:
Kessler Topaz Meltzer & Verify, LLP
Jonathan Naji, Esq.
(484) 270-1453
280, chemin du Roi de Prussia
Radnor, Pennsylvania 19087
information@ktmc.com
Could also be thought of legal professional promoting in some jurisdictions. Previous outcomes don’t assure future outcomes.
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