Scott+Scott Attorneys at Law LLP Highlights that a Securities Class Action Has Been Filed Against PACS Group, Inc. (PACS)

Lead Plaintiff Deadline is January 13, 2025

New York, New York--(Newsfile Corp. - January 11, 2025) - Scott+Scott Attorneys astatine Law LLP ("Scott+Scott"), an planetary shareholder and user rights litigation firm, notifies investors that the deadline to determination for pb plaintiff successful a securities people enactment suit against PACS Group, Inc. (NYSE: PACS) ("PACS" oregon the "Company") and definite different defendants (collectively, "Defendants") is January 13, 2025.

CLICK HERE TO RECEIVE ADDITIONAL INFORMATION ABOUT THIS CLASS ACTION

The action, which was filed successful the U.S. District Court for the Southern District of New York, asserts claims nether §§11, 12(a)(2), and 15 of the Securities Act (the "Securities Act") and nether §§10(b) and 20(a) of the Securities Exchange Act of 1934 (the "Exchange Act") connected behalf of a Class consisting of each persons who purchased oregon different acquired PACS securities betwixt April 11, 2024, and November 5, 2024, inclusive (the "Class Period"), and communal banal pursuant, oregon traceable, oregon both, to PACS's September 2024 secondary nationalist offering and who were damaged thereby (the "Class").

According to the Complaint, during the Class Period, Defendants made materially mendacious and/or misleading statements, and failed to disclose worldly adverse facts astir the Company's concern operations, and prospects. Specifically, Defendants failed to disclose to investors that, among different things: (1) the Company inflated its Medicare revenues by misclassifying patients, and (2) fraudulently billed for unnecessary treatments and services ne'er provided to patients.

When the information emerged, according to the Complaint, PACS's stock terms fell $11.93 per share, oregon much than 27%, to adjacent astatine $31.01 per stock connected November 4, 2024, thereby injuring investors.

ARE YOU A POTENTIAL CLASS MEMBER ELIGIBLE TO RECOVER? CLICK HERE

Lead Plaintiff Deadline

The Lead Plaintiff deadline successful this enactment is January 13, 2025. Any subordinate of the projected Class whitethorn question to service arsenic Lead Plaintiff done counsel of their choice, oregon whitethorn take to bash thing and stay a subordinate of the projected Class.

If you purchased PACS securities during the Class Period, and suffered damages, realized oregon unrealized, you are encouraged to interaction Scott+Scott lawyer Nicholas Bruno astatine (888) 398-9312, oregon nbruno@scott-scott.com, for much information.

CLICK HERE TO FIND OUT IF YOU CAN RECOVER YOUR LOSSES

About Scott+Scott Attorneys astatine Law LLP

Scott+Scott has important acquisition successful prosecuting large securities, antitrust, and worker status program actions passim the United States. The steadfast represents pension funds, foundations, individuals, and different entities worldwide with offices successful New York, London, Amsterdam, Connecticut, Virginia, California, and Ohio.

This whitethorn beryllium considered Attorney Advertising.

CONTACT:
Nicholas Bruno
Scott+Scott Attorneys astatine Law LLP
230 Park Avenue, 24th Floor, New York, NY 10169
(888) 398-9312
nbruno@scott-scott.com

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