Radnor, PA – (NuMediaWire) – January 4, 2025 – The law firm of Kessler Topaz Meltzer & Check, LLP (www.ktmc.com) informs investors that PACS Group, Inc. A securities class action lawsuit has been filed against (PACS). ) (NYSE: PACS ). The suit is brought on behalf of investors who purchased or otherwise received PACS: 1) the registration statement and prospectus (collectively, the Registration Statement) issued in connection with PACS’ April 11, 2024 initial public offering (PACS); Pursuant to and/or traceable stock (IPO); and/or 2) Securities between April 11, 2024 and November 5, 2024 (Class Period). The lead plaintiff’s deadline is January 13, 2025.
Contact Kessler Topaz Meltzer & Check, LLP:
If you have suffered a PACS loss, you can click here or visit: https://www.ktmc.com/new-cases/pacs-group-inc?utm_source=PR&utm_medium=link&utm_campaign=pacs&mktm=r
You can also contact attorney Jonathan Naji, Esq. By calling (484) 270-1453 or by email at info@ktmc.com.
The accused committed the alleged misconduct:
The complaint alleges that, in the registration statement and during the class period, the defendants made materially false and/or misleading statements, as well as in disclosing materially adverse facts about the company’s business, operations, and prospects. failed Specifically, Defendants failed to disclose to investors that: (1) PACS engaged in a scheme to submit false Medicare claims that generated more than 100% of PACS operating and net income from 2020 to 2023; is; (2) the company engaged in a scheme to bill Medicare for thousands of unnecessary respiratory and sensory integration therapies; (3) engaged in a scheme to falsify documents related to PACS licensing and staffing; and (4) as a result of the foregoing, Defendants’ positive statements about the Company’s business, operations, and prospects were materially misleading and/or lacked a reasonable basis.
Please click here to watch our video or copy and paste this link into your browser: https://youtu.be/Q0twdqzv9kc
Lead Plaintiff’s Procedure:
PACS investors may, after January 13, 2025, seek to have Kessler Topaz Meltzer & Check, LLP or other counsel appointed as a lead plaintiff representative of the class, or do nothing and absent a class. Members can choose to remain. A lead plaintiff is a representative party who acts on behalf of all class members in directing the litigation. The principal plaintiff is usually the investor or small group of investors who have the largest financial interest and who are relevant and specific to the proposed class of investors. The lead plaintiff selects counsel to represent the lead plaintiff and the class and these attorneys, if approved by the court, are lead or class counsel. Your ability to participate in any recovery is not affected by the decision whether or not to serve as a lead plaintiff.
Kessler Topaz Meltzer & Check, LLP PACS encourages investors who have suffered significant losses to contact the firm directly to obtain more information.
To sign up for a case click here or visit: 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 across the country and around the world. The firm has developed a global reputation for excellence and has recovered billions of dollars for victims of fraud and other corporate misconduct. All of our work is driven by one common goal: to protect investors, consumers, employees and others from fraud, abuse, misconduct and negligence by businesses and fiduciaries. Complaints in this action were not filed by Kessler Topaz Meltzer & Check, LLP. For more information about Kessler Topaz Meltzer & Czech, LLP please visit www.ktmc.com.
contact:
Kessler Topaz Meltzer & Czech, LLP
Jonathan Naji, Esq.
(484) 270-1453
280 King of Prussia Road
Radnor, PA 19087
info@ktmc.com
In some jurisdictions attorney advertising may be considered. Past results do not guarantee future results.
View the original release at www.newmediawire.com
Copyright 2025 JCN Newswire. all rights reserved.
