Legal Class Reminder (PACS): Kessler Topaz Meltzer & Check, LLP Reminds PACS Group, Inc. Investors
RADNOR, PA – (NewMediaWire) – January 4, 2025 – The law firm of Kessler Topaz Meltzer & Check, LLP (www.ktmc.com) informs investors that a securities class action lawsuit has been filed against PACS Group, Inc. (PACS ) (NYSE: PACS). The lawsuit is brought on behalf of investors who purchased or otherwise acquired PACS: 1) common stock pursuant to and/or traceable to the registration statement and prospectus (collectively, the Registration Statement) issued in connection with PACS’s April 11, 2024 initial public offering (IPO); and/or 2) securities between April 11, 2024 and November 5, 2024 inclusive (Class Period). The lead applicant deadline is January 13, 2025.
CONTACT KESSLER TOPAZ MELTZER & HLOLA, LLP:
If you have lost your PACS, YOU CAN CLICK HERE or go to:
You can contact attorney Jonathan Naji, Esq. by calling (484) 270-1453 or by email at info@ktmc.com.
COMPLAINTS ALLEGED CONDUCT:
The Complaint alleges that, in the Registration Statement and throughout the Class Period, the Defendants made false and/or misleading statements, and failed to disclose material facts about the company’s business, operations, and prospects. Specifically, Defendants failed to disclose to investors that: (1) PACS engaged in a scheme to submit false Medicare claims that drove more than 100% of PACS’s operations and net income from 2020 2023; (2) the company participated in a scheme to bill thousands of unnecessary respiratory and neuroimaging medications to Medicare; (3) PACS engaged in a scheme to falsify documents related to licensing and employment; and (4) as a result of the foregoing, plaintiffs’ positive statements about the company’s business, operations, and prospects were grossly misleading and/or lacked a reasonable basis.
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LEAD COMPLAINT PROCEDURE:
PACS investors, no later than January 13, 2025, may seek to be appointed as lead class plaintiff representatives by Kessler Topaz Meltzer & Check, LLP or other counsel, or may choose to remain inactive and remain a non-class member. The lead plaintiff is the organization representing all the members of the class directing the lawsuit. The lead plaintiff is usually an investor or a small group of investors who have a significant financial interest and are sufficient and unusual in the proposed class of investors. The lead plaintiff selects an attorney to represent the lead plaintiff and the class and these attorneys, if approved by the court, are lead or class attorneys. Your ability to participate in any recovery is not affected by whether or not you serve as the lead plaintiff.
Kessler Topaz Meltzer & Check, LLP encourages PACS investors with significant losses to contact the firm directly for more information.
CLICK HERE TO FILE A CASE OR GO TO:
ABOUT KESSLER TOPAZ MELTZER & CHECK, LLP:
Kessler Topaz Meltzer & Check, LLP prosecutes class actions in federal and state courts across the country and around the world. The company has built a global reputation for excellence and has recovered billions of dollars from victims of fraud and other corporate misconduct. All of our work is driven by a common goal: to protect investors, consumers, employees and others from fraud, abuse, misconduct and neglect of businesses and trusts. Complaints in this action were not filed by Kessler Topaz Meltzer & Check, LLP. For more information about Kessler Topaz Meltzer & Check, LLP please visit www.ktmc.com.
CONTACT:
Kessler Topaz Meltzer & Explore, LLP
Jonathan Naji, Esq.
(484) 270-1453
280 King of Prussia Road
Radnor, PA 19087
info@ktmc.com
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