Scott+Scott Attorneys at Law LLP Securities Class Action by PACS Group Inc. (PACS) again reminds investors that it is registered.

The lead plaintiff deadline is January 13, 2025.

NEW YORK, NY–( News File Corp. – Jan. 5, 2025 ) – Scott+Scott Attorneys at Law LLP (“Scott+Scott”), a global shareholder and consumer litigation firm, announced a deadline to investors. He informs. By PACS Group, Inc. (NYSE: PACS) (“PACS” or the “Company”) and certain other defendants as a plaintiff in a securities class action. (collectively “Defendants”) on January 13, 2025.

Click here for more information about this class action

The action, filed in the U.S. District Court for the Southern District of New York, asserts claims under §§11, 12(a)(2) and 15 of the Securities Act (the “Securities Act”) and §. §10(b) and 20(a) of the Securities Exchange Act of 1934 (the “Exchange Act”) on behalf of all persons who purchased or otherwise acquired PACS. Securities issued between April 11, 2024 and November 5, 2024, and common stock (the “Class Period”), and common stock in PACS’s September 2024 secondary public offering and liquidated hereunder (the “Class Period”).

According to the Complaint, during the Class Period, Defendants made materially false and/or misleading statements, and failed to disclose material adverse facts about the Company’s business operations and prospects. Specifically, the defendants failed to disclose to investors, among other things: (1) that the company inflated Medicare revenue by misallocating it to patients and (2) fraudulently billing patients for unnecessary treatments and services.

When the truth came out, according to the complaint, PACS’ stock price fell $11.93 per share, or more than 27 percent, to close at $31.01 per share on Nov. 4, 2024, hurting investors.

Are you a class member with the ability to recover? Click here

Lead plaintiff deadline

The plaintiff’s lead deadline in this action is January 13, 2025. Any member of the proposed class may elect to serve as the lead plaintiff in counsel of their choosing or to remain a member of the proposed class.

If you have purchased PACS securities during the class period and have suffered damages, whether or not realized, you are encouraged to contact Scott+Scott attorney Nicholas Bruno at (888) 398-9312 or nbruno@scott-scott.com for more information.

Click here to find out if you can recover your losses

About Scott+Scott Attorneys at Law LLP

Scott+Scott has extensive experience litigating major securities, antitrust and employee pension plan actions in the United States. The firm represents pension funds, foundations, individuals and other entities with offices in New York, London, Amsterdam, Connecticut, Virginia, California and Ohio.

This may be considered an attorney notice.

To view the source of this press release, please visit https://www.newsfilecorp.com/release/235607.