New York, New York–(Newsfile Corp. – December 19, 2024) – FOR WHAT: Rosen Legislation Agency, a world investor rights regulation agency, reminds purchasers of PACS Group Inc. (NYSE: PACS) (i) widespread inventory pursuant to and/or traceable to the registration assertion and prospectus (collectively, the “Registration Assertion”) in reference to the Firm’s preliminary public providing (“IPO”) on April 11, 2024; (ii) securities between April 11, 2024 and November 5, 2024, each dates inclusive (the “Class Interval”); and/or (iii) unusual shares pursuant to and/or traceable to the registration assertion and prospectus issued in reference to the Firm’s September 2024 secondary public providing (“SPO”), of the fabric Deadline January 13, 2025 for principal applicant.
AND THEN: In case you bought shares of PACS widespread inventory in reference to the IPO and/or securities through the Class Interval and/or in reference to this IPO, it’s possible you’ll be entitled to compensation with out cost charges or prices via a contingency payment settlement.
WHAT TO DO NEXT: To hitch the PACS class motion, go to https://rosenlegal.com/submit-form/?case_id=30617 or name Phillip Kim, Esq. toll-free at 866-767-3653 or e mail case@rosenlegal.com for data on the category motion. A category motion lawsuit has already been filed. In case you want to function lead plaintiff, you have to transfer the court docket no later than January 13, 2025. A lead plaintiff is a consultant occasion performing on behalf of different class members in directing the litigation.
WHY THE ROSEN LAW: We encourage buyers to pick certified advisors with a confirmed monitor document in management roles. Usually, corporations issuing opinions don’t have important expertise, assets, or peer recognition. Many of those corporations don’t truly defend securities class actions, however are merely intermediaries that refer purchasers or companion with regulation corporations that truly litigate instances. Watch out when selecting a lawyer. The Rosen Legislation Agency represents buyers all through the globe, concentrating its follow in securities class actions and shareholder spinoff litigation. The Rosen Legislation Agency obtained the biggest securities class motion settlement in opposition to a Chinese language firm on the time. Rosen Legislation Agency Ranked #1 by ISS Securities Class Motion (WA:) Companies for variety of securities class motion settlements in 2017. The agency has been ranked within the prime 4 yearly since 2013 and has recovered a whole bunch of hundreds of thousands of {dollars} for buyers. In 2019 alone, the corporate secured over $438 million for buyers. In 2020, founding companion Laurence Rosen was named by law360 as a Titan of the Plaintiffs Bar. Lots of the agency’s attorneys have been acknowledged by Lawdragon and Tremendous Attorneys.
CASE DETAILS: In accordance with the lawsuit, within the Registration Assertion and all through the Class Interval, Defendants made false and/or deceptive statements and/or did not disclose that: (1) PACS engaged in a “plan” to submit false medical insurance claims that “drove greater than 100% of PACS’ working and internet revenue over the interval 2020 – 2023”; (2) PACS engaged in a “scheme” to “invoice Medicare for 1000’s of pointless respiratory and sensory integration therapies” (3) PACS engaged in a scheme to falsify licensure and personnel paperwork; 4) On account of the foregoing, Defendants’ optimistic statements concerning PACS’s enterprise, operations, and prospects have been materially deceptive and/or lacked an inexpensive foundation when the true particulars have been disclosed to the market, the lawsuit claims. that buyers suffered harm.
To hitch the PACS class motion, go to https://rosenlegal.com/submit-form/?case_id=30617 or name Phillip Kim, Esq. toll-free at 866-767-3653 or e mail case@rosenlegal.com for data on the category motion.
No lessons have been licensed. Till a category is licensed, you aren’t represented by an lawyer except you keep one. You’ll be able to select the lawyer of your selection. You can even stay an absent member of the group and do nothing at this level. An investor’s capability to take part in any potential future restoration just isn’t depending on its standing as lead plaintiff.
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Lawyer promoting. Earlier outcomes don’t assure the same outcome.
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