New York, New York–(Newsfile Corp. – December 22, 2024)– Why: Rosen Law Firm, a global investor rights law firm, advises the buyer of PACS Group Inc. (NYSE: PACS) shares of (1) common stock pursuant to and/or traceable to the registration statement and prospectus (collectively, the “Registration Statement”) in connection with the Company’s April 11, 2024 initial public offering (“IPO”); (2) securities between April 11, 2024 and November 5, 2024, both dates inclusive (the “Class Period”); and/or (3) common shares pursuant to and/or traceable to the registration statement and prospectus issued in connection with the Company's September 2024 secondary public offering (“SPO”). January 13, 2025 Lead Plaintiff Deadline.
so what: If you purchase shares of PACS common stock pursuant to and/or are revertible to the IPO and/or securities during the Class Period, you may be entitled to compensation without payment of any out-of-pocket fees or costs through a contingency fee arrangement.
What to do next: To join the PACS class action, go to https://rosenlegal.com/submit-form/?case_id=30617 or contact Phillip Kim, Esq. Toll free is 866-767-3653 or email case@rosenlegal.com for information about the class action. A class action lawsuit has already been filed. If you wish to serve as lead plaintiff, you must move the court No later than January 13, 2025. A lead plaintiff is a representative party acting on behalf of other class members in directing the lawsuit.
Why Rosen's Law: We encourage investors to select qualified advisors with a proven track record of success in leadership roles. Often, companies issuing notices do not have similar experience, resources, or any meaningful recognition from their peers. Many of these firms do not actually file securities class actions, but are merely brokers who refer clients or partner with the law firms that actually file the lawsuits. Be wise in choosing advisors. The Rosen Law Firm represents investors throughout the world, focusing its practice in securities class actions and shareholder derivative litigation. Rosen Law Firm achieved the largest ever settlement of a securities class action lawsuit against a Chinese company at that time. Rosen Law Firm is Ranked #1 by ISS Securities Class an act (WA:) Services for a number of securities class action settlements in 2017. The firm has been ranked in the top 4 every year since 2013 and has recovered hundreds of millions of dollars for investors. In 2019 alone, the company raised more than $438 million for investors. In 2020, co-founder Lawrence Rosen was named by Law360 as a Titan in the Plaintiffs Bar. Many of the firm's attorneys have been recognized by Lawdragon and Super Lawyers.
Case details: According to the lawsuit, in the Registration Statement and throughout the Class Period, Defendants made false and/or misleading statements and/or failed to disclose that: (1) PACS engaged in a “scheme” to submit false Medicare claims that “resulted in more “More than 100% of PACS operating and net income from 2020 to 2023”; (2) PACS engaged in a “scheme” to “bill thousands of unnecessary respiratory and sensory integration therapies to Medicare”; (3) PACS engaged in a scheme to falsify licensing and employment-related documents; and (4) as a result of the foregoing, Defendants' positive statements about PACS's business, operations, and prospects were materially misleading and/or lacked a reasonable basis. When the true details entered the market, the lawsuit claims, investors suffered damages.
To join the PACS class action, go to https://rosenlegal.com/submit-form/?case_id=30617 or contact Phillip Kim, Esq. Toll free is 866-767-3653 or email case@rosenlegal.com for information about the class action.
No category is approved. Until the class is approved, you will not be represented by counsel unless you retain one. You can choose the lawyer of your choice. You can also remain an absent class member and do nothing at this point. An investor's ability to participate in any potential future recovery is not dependent on serving as lead plaintiff.
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