{"id":790902,"date":"2024-11-26T13:23:09","date_gmt":"2024-11-26T18:23:09","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/shareholders-that-lost-money-on-pacs-group-inc-pacs-urged-to-join-class-action-contact-the-gross-law-firm-to-learn-more\/"},"modified":"2024-11-26T13:23:09","modified_gmt":"2024-11-26T18:23:09","slug":"shareholders-that-lost-money-on-pacs-group-inc-pacs-urged-to-join-class-action-contact-the-gross-law-firm-to-learn-more","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/shareholders-that-lost-money-on-pacs-group-inc-pacs-urged-to-join-class-action-contact-the-gross-law-firm-to-learn-more\/","title":{"rendered":"Shareholders that lost money on PACS Group, Inc. (PACS) Urged to Join Class Action \u2013 Contact The Gross Law Firm to Learn More"},"content":{"rendered":"<div class=\"mw_release\">\n<p>NEW YORK, Nov.  26, 2024  (GLOBE NEWSWIRE) &#8212; The Gross Law Firm issues the following notice to shareholders of <strong>PACS Group, Inc. (NYSE: PACS).<\/strong><\/p>\n<p>Shareholders who purchased shares of PACS during the class period listed are encouraged to contact the firm regarding possible lead plaintiff appointment. Appointment as lead plaintiff is not required to partake in any recovery.<\/p>\n<p align=\"center\">CONTACT US HERE:<\/p>\n<p align=\"center\">\n        <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=P1fWfXJxfL6pZa3efO61aQMXTkqZr-3245vh_XtTjIALwdGidNsF6q2tBmpqHWUYkSolc8c7Ewiv43AXW87EfNR98cmvIdwN4oWG0peP8R_Ue01psQ2jfhYTurM-jEXmbhoyNvHZTwePsI0LPWUKq_XjjK5Qo7WwudEq2q2BJaU0laLWunYcWZeEH8u19UrkdKHIizHIP3q3TF3fhE93bBPnMJe78ipbMlcZsUYYVNCHmwq6FBftT4INNmBZU2-hoHYrqQ1gmnpwV-7YLGlz1x2ybmE3SXSW7cTP3iOCc3E=\" rel=\"nofollow\" target=\"_blank\">https:\/\/securitiesclasslaw.com\/securities\/pacs-group-inc-loss-submission-form\/?id=113437&amp;from=3<\/a>\u00a0<\/p>\n<p>\n        <strong>CLASS PERIOD: <\/strong>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\u2019s April 11, 2024 initial public offering; and\/or (b) securities between April 11, 2024 and November 5, 2024 inclusive.<\/p>\n<p>\n        <strong>ALLEGATIONS: <\/strong>The complaint alleges that during the class period, Defendants issued materially false and\/or misleading statements and\/or failed to disclose that: (1) the Company engaged in a \u201cscheme\u201d to submit false Medicare claims which \u201cdrove more than 100% of PACS\u2019 operating and net income from 2020 \u2013 2023\u201d; (2) the Company engaged in a \u201cscheme\u201d to \u201cbill thousands of unnecessary respiratory and sensory integration therapies to Medicare\u201d; (3) the Company engaged in a scheme to falsify documentation related to licensure and staffing; and (4) as a result of the foregoing, defendants\u2019 positive statements about the Company\u2019s business, operations, and prospects were materially misleading and\/or lacked a reasonable basis.<\/p>\n<p>\n        <strong>DEADLINE: January 13, 2025<\/strong> Shareholders should not delay in registering for this class action. Register your information here: <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=P1fWfXJxfL6pZa3efO61aQMXTkqZr-3245vh_XtTjIALwdGidNsF6q2tBmpqHWUYkSolc8c7Ewiv43AXW87EfNR98cmvIdwN4oWG0peP8R_Ue01psQ2jfhYTurM-jEXmIwu_yvAqC7_gdWqN1lWJB-qCYBdV6shRnYyINzX6pvnT4gl-UySp1aJeOdUCE7WVrerBZ_IwB4biPmhaBq2u52RPeHHrIKhBu4zZv2mRDzE69w7AQ-AGS5-fC0h6a1aqvsci4f9F2cNiRKT01x6JbzvqcckoU5ez5tFaoqkim08=\" rel=\"nofollow\" target=\"_blank\">https:\/\/securitiesclasslaw.com\/securities\/pacs-group-inc-loss-submission-form\/?id=113437&amp;from=3<\/a>\u00a0<\/p>\n<p>\n        <strong>NEXT STEPS FOR SHAREHOLDERS: <\/strong>Once you register as a shareholder who purchased shares of PACS during the timeframe listed above, you will be enrolled in a portfolio monitoring software to provide you with status updates throughout the lifecycle of the case. The deadline to seek to be a lead plaintiff is January 13, 2025. There is no cost or obligation to you to participate in this case.<\/p>\n<p>\n        <strong>WHY GROSS LAW FIRM? <\/strong>The Gross Law Firm is a nationally recognized class action law firm, and our mission is to protect the rights of all investors who have suffered as a result of deceit, fraud, and illegal business practices. The Gross Law Firm is committed to ensuring that companies adhere to responsible business practices and engage in good corporate citizenship. The firm seeks recovery on behalf of investors who incurred losses when false and\/or misleading statements or the omission of material information by a company lead to artificial inflation of the company&#8217;s stock. Attorney advertising. Prior results do not guarantee similar outcomes.<\/p>\n<p>\n        <strong>CONTACT:<\/strong><br \/>\n        <br \/>The Gross Law Firm<br \/>15 West 38th Street, 12th floor<br \/>New York, NY, 10018<br \/>Email: <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=Dta0uXEYmoGeuSrR_OZUbiw8zoPRgm9kJVRuKsgTud3b1Noeyg9g9L-aagTbHDHVveOPRmjGkq8viZweSCpRow6TwHtip-bB5yzYRRf_cnc_f1oIijZUk85HXrZjYFYv\" rel=\"nofollow\" target=\"_blank\">dg@securitiesclasslaw.com<\/a>\u00a0<br \/>Phone: (646) 453-8903<\/p>\n<p>      <img decoding=\"async\" alt=\"\" class=\"__GNW8366DE3E__IMG\" src=\"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=OTI4OTk2MSM2NjEwNjc1IzIyNTg5MTc=\" \/><br \/>\n      <br \/>\n      <img decoding=\"async\" alt=\"\" src=\"https:\/\/ml.globenewswire.com\/media\/ZjBjY2M5YTgtZDBmMy00Y2ExLTlmMTktZGU5NTAyZDEzODZjLTEyNzA0Njc=\/tiny\/The-Gross-Law-Firm.png\" \/>\n    <\/div>\n<div class=\"mw_contactinfo\"><\/div>\n","protected":false},"excerpt":{"rendered":"<p>NEW YORK, Nov. 26, 2024 (GLOBE NEWSWIRE) &#8212; The Gross Law Firm issues the following notice to shareholders of PACS Group, Inc. (NYSE: PACS). Shareholders who purchased shares of PACS during the class period listed are encouraged to contact the firm regarding possible lead plaintiff appointment. Appointment as lead plaintiff is not required to partake in any recovery. CONTACT US HERE: https:\/\/securitiesclasslaw.com\/securities\/pacs-group-inc-loss-submission-form\/?id=113437&amp;from=3\u00a0 CLASS PERIOD: 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\u2019s April 11, 2024 initial public offering; and\/or (b) securities between April 11, 2024 and November 5, 2024 inclusive. ALLEGATIONS: The complaint alleges &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/shareholders-that-lost-money-on-pacs-group-inc-pacs-urged-to-join-class-action-contact-the-gross-law-firm-to-learn-more\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Shareholders that lost money on PACS Group, Inc. (PACS) Urged to Join Class Action \u2013 Contact The Gross Law Firm to Learn More&#8221;<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-790902","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.3 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Shareholders that lost money on PACS Group, Inc. (PACS) Urged to Join Class Action \u2013 Contact The Gross Law Firm to Learn More - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/shareholders-that-lost-money-on-pacs-group-inc-pacs-urged-to-join-class-action-contact-the-gross-law-firm-to-learn-more\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Shareholders that lost money on PACS Group, Inc. (PACS) Urged to Join Class Action \u2013 Contact The Gross Law Firm to Learn More - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"NEW YORK, Nov. 26, 2024 (GLOBE NEWSWIRE) &#8212; The Gross Law Firm issues the following notice to shareholders of PACS Group, Inc. (NYSE: PACS). Shareholders who purchased shares of PACS during the class period listed are encouraged to contact the firm regarding possible lead plaintiff appointment. Appointment as lead plaintiff is not required to partake in any recovery. CONTACT US HERE: https:\/\/securitiesclasslaw.com\/securities\/pacs-group-inc-loss-submission-form\/?id=113437&amp;from=3\u00a0 CLASS PERIOD: 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\u2019s April 11, 2024 initial public offering; and\/or (b) securities between April 11, 2024 and November 5, 2024 inclusive. ALLEGATIONS: The complaint alleges &hellip; Continue reading &quot;Shareholders that lost money on PACS Group, Inc. 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Appointment as lead plaintiff is not required to partake in any recovery. CONTACT US HERE: https:\/\/securitiesclasslaw.com\/securities\/pacs-group-inc-loss-submission-form\/?id=113437&amp;from=3\u00a0 CLASS PERIOD: 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\u2019s April 11, 2024 initial public offering; and\/or (b) securities between April 11, 2024 and November 5, 2024 inclusive. ALLEGATIONS: The complaint alleges &hellip; Continue reading \"Shareholders that lost money on PACS Group, Inc. 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