PACS Group, Inc. Sued for Securities Law Violations - Investors Should Contact Levi & Korsinsky Before January 13, 2025 to Discuss Your Rights - PACS

NEW YORK, NY / ACCESSWIRE / November 14, 2024 / If you suffered a loss on your PACS Group, Inc. (NYSE:PACS) investment and want to learn about a potential recovery under the federal securities laws, follow the link below for more information:

https://zlk.com/pslra-1/pacs-group-inc-lawsuit-submission-form?prid=112021&wire=1

or contact Joseph E. Levi, Esq. via email at jlevi@levikorsinsky.com or call (212) 363-7500 to speak to our team of experienced shareholder advocates.

THE LAWSUIT:This lawsuit is on behalf of persons and entities that purchased or otherwise acquired PACS Group: (a) common stock pursuant and/or traceable to the registration statement and prospectus issued in connection with the Company 's April 11, 2024 initial public offering; and/or (b) securities between April 11, 2024 and November 5, 2024 inclusive.

CASE DETAILS:The filed complaint alleges that defendants made false statements and/or concealed that: (1) the Company engaged in a "scheme" to submit false Medicare claims which "drove more than 100% of PACS ' operating and net income from 2020 - 2023"; (2) the Company engaged in a "scheme" to "bill thousands of unnecessary respiratory and sensory integration therapies to Medicare"; (3) the Company engaged in a scheme to falsify documentation related to licensure 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.

WHAT 'S NEXT?If you suffered a loss in PACS Group, Inc. stock during the relevant time frame - even if you still hold your shares - go to https://zlk.com/pslra-1/pacs-group-inc-lawsuit-submission-form?prid=112021&wire=1 to learn about your rights to seek a recovery. There is no cost or obligation to participate.

WHY LEVI & KORSINSKY:Over the past 20 years, Levi & Korsinsky LLP has established itself as a nationally-recognized securities litigation firm that has secured hundreds of millions of dollars for aggrieved shareholders and built a track record of winning high-stakes cases. The firm has extensive expertise representing investors in complex securities litigation and a team of over 70 employees to serve our clients. For seven years in a row, Levi & Korsinsky has ranked in ISS Securities Class Action Services ' Top 50 Report as one of the top securities litigation firms in the United States. Attorney Advertising. Prior results do not guarantee similar outcomes.

CONTACT:
Levi & Korsinsky, LLP
Joseph E. Levi, Esq.
Ed Korsinsky, Esq.
33 Whitehall Street, 17th Floor
New York, NY 10004
jlevi@levikorsinsky.com
Tel: (212) 363-7500
Fax: (212) 363-7171
https://zlk.com/

SOURCE:Levi & Korsinsky, LLP

View the original press release on accesswire.com

© 2024 Accesswire. All Rights Reserved.