{"id":794855,"date":"2024-12-13T14:08:05","date_gmt":"2024-12-13T19:08:05","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/lowey-dannenberg-notifies-pacs-group-inc-pacs-group-or-the-company-nyse-pacs-investors-of-securities-class-action-lawsuit-and-encourages-investors-with-more\/"},"modified":"2024-12-13T14:08:05","modified_gmt":"2024-12-13T19:08:05","slug":"lowey-dannenberg-notifies-pacs-group-inc-pacs-group-or-the-company-nyse-pacs-investors-of-securities-class-action-lawsuit-and-encourages-investors-with-more","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/lowey-dannenberg-notifies-pacs-group-inc-pacs-group-or-the-company-nyse-pacs-investors-of-securities-class-action-lawsuit-and-encourages-investors-with-more\/","title":{"rendered":"Lowey Dannenberg Notifies PACS Group, Inc. (\u201cPACS Group\u201d, or the \u201cCompany\u201d) (NYSE: PACS) Investors of Securities Class Action Lawsuit and Encourages Investors with more than $100,000 in Losses to Contact the Firm"},"content":{"rendered":"<div class=\"mw_release\">\n<p>NEW YORK, Dec.  13, 2024  (GLOBE NEWSWIRE) &#8212; Lowey Dannenberg P.C., a preeminent law firm in obtaining redress for consumers and investors, announces the filing of a class action lawsuit against PACS Group, Inc. (\u201cPACS Group\u201d, or the \u201cCompany\u201d) (NYSE: PACS) for violations of the federal securities laws on behalf of investors who purchased or acquired PACS Group common stock: (a) at the time of the Company\u2019s Initial Public Offering (\u201cIPO\u201d) on April 11, 2024, and (b) between April 11, 2024 and November 5, 2024, inclusive (the \u201cClass Period\u201d).<\/p>\n<p>On November 11, 2024, a complaint was filed against the Company, certain of its current officers and directors, and underwriters, alleging that throughout the Class Period, Defendants made false and\/or misleading statements and\/or failed to disclose that: (1) that 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) that the Company engaged in a \u201cscheme\u201d to \u201cbill thousands of unnecessary respiratory and sensory integration therapies to Medicare\u201d; (3) that the Company engaged in a scheme to falsify documentation related to licensure and staffing; and (4) that, 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>When investors learned the truth, PACS Group\u2019s common stock declined precipitously, injuring investors.<\/p>\n<p>If you suffered a loss of more than $100,000 in PACS Group\u2019s securities, and wish to participate, or learn more, <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=8MN8IsuxvBm8TDjDBvosf7KLkmbrbrkWSc2MZDYfpt2t8tdSknY6uqq1ObZb47lq2DggsyKikaUrY-ypmr24xrQJtByT6_V3w7KpEeP1ZOo=\" rel=\"nofollow\" target=\"_blank\">click here<\/a>, or please contact our attorneys at (914) 733-7256 or via email to Andrea Farah (<a href=\"https:\/\/www.globenewswire.com\/Tracker?data=JY-nsvWehSw6yN5KQQejD-54ANz01eMneFR_oVYZxKzcr1Gge3BHREZm3HvD4JlRE9JqZqLe9uhlNdKJhS6LhQ==\" rel=\"nofollow\" target=\"_blank\">afarah@lowey.com<\/a>) or Vincent R. Cappucci Jr. (<a href=\"https:\/\/www.globenewswire.com\/Tracker?data=PNoTRglXqD5TLTMhsm5Is925DODlOet0k6COnj7Qk_v3Y--YE5Itv9r9Uzdm0fjAb_DHNvaHnkuef75FVaanVYbdxljL3zLviibcB3-mqTI=\" rel=\"nofollow\" target=\"_blank\">vcappucci@lowey.com<\/a>).<\/p>\n<p>Any investor who wishes to serve as Lead Plaintiff must act before <strong>January 13, 2024<\/strong>.<\/p>\n<p>\n        <strong>About Lowey Dannenberg<\/strong><br \/>\n        <br \/>Lowey Dannenberg is a national firm representing institutional and individual investors, who suffered financial losses resulting from corporate fraud and malfeasance in violation of federal securities and antitrust laws. The firm has significant experience in prosecuting multi-million-dollar lawsuits and has recovered billions of dollars on behalf of its clients.<\/p>\n<p>\n        <strong>Contact<\/strong>:<br \/>Lowey Dannenberg P.C.<br \/>44 South Broadway, Suite 1100<br \/>White Plains, NY 10601<br \/>Tel: (914) 733-7234<br \/>Email: <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=y5c2IYeLQMW9Biu825_k0VnhBe7pKm8gI338BmONmzYbyslqoDczR-4qHbc8NqLp8Rzj_D4x2Diurti42xbZRoa-K6kcc7DuNH8GpIzOfhw=\" rel=\"nofollow\" target=\"_blank\">investigations@lowey.com<\/a>\u00a0<\/p>\n<p>\n        <strong>SOURCE<\/strong>: Lowey Dannenberg P.C.<\/p>\n<p>      <img decoding=\"async\" alt=\"\" class=\"__GNW8366DE3E__IMG\" src=\"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=OTMxOTE0NiM2NjM3MTQ5IzIxOTQ1MzQ=\" \/><br \/>\n      <br \/>\n      <img decoding=\"async\" alt=\"\" src=\"https:\/\/ml.globenewswire.com\/media\/NzJhYmVhNGEtZjJkYi00MTYzLWFlOTItM2NhZjY1ZWY1NDcxLTEyMDYwODc=\/tiny\/Lowey-Dannenberg-P-C-.png\" \/>\n    <\/div>\n<div class=\"mw_contactinfo\"><\/div>\n","protected":false},"excerpt":{"rendered":"<p>NEW YORK, Dec. 13, 2024 (GLOBE NEWSWIRE) &#8212; Lowey Dannenberg P.C., a preeminent law firm in obtaining redress for consumers and investors, announces the filing of a class action lawsuit against PACS Group, Inc. (\u201cPACS Group\u201d, or the \u201cCompany\u201d) (NYSE: PACS) for violations of the federal securities laws on behalf of investors who purchased or acquired PACS Group common stock: (a) at the time of the Company\u2019s Initial Public Offering (\u201cIPO\u201d) on April 11, 2024, and (b) between April 11, 2024 and November 5, 2024, inclusive (the \u201cClass Period\u201d). On November 11, 2024, a complaint was filed against the Company, certain of its current officers and directors, and underwriters, alleging that throughout the Class Period, Defendants made false and\/or misleading &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/lowey-dannenberg-notifies-pacs-group-inc-pacs-group-or-the-company-nyse-pacs-investors-of-securities-class-action-lawsuit-and-encourages-investors-with-more\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Lowey Dannenberg Notifies PACS Group, Inc. (\u201cPACS Group\u201d, or the \u201cCompany\u201d) (NYSE: PACS) Investors of Securities Class Action Lawsuit and Encourages Investors with more than $100,000 in Losses to Contact the Firm&#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-794855","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>Lowey Dannenberg Notifies PACS Group, Inc. (\u201cPACS Group\u201d, or the \u201cCompany\u201d) (NYSE: PACS) Investors of Securities Class Action Lawsuit and Encourages Investors with more than $100,000 in Losses to Contact the Firm - 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\/lowey-dannenberg-notifies-pacs-group-inc-pacs-group-or-the-company-nyse-pacs-investors-of-securities-class-action-lawsuit-and-encourages-investors-with-more\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Lowey Dannenberg Notifies PACS Group, Inc. 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On November 11, 2024, a complaint was filed against the Company, certain of its current officers and directors, and underwriters, alleging that throughout the Class Period, Defendants made false and\/or misleading &hellip; Continue reading &quot;Lowey Dannenberg Notifies PACS Group, Inc. (\u201cPACS Group\u201d, or the \u201cCompany\u201d) (NYSE: PACS) Investors of Securities Class Action Lawsuit and Encourages Investors with more than $100,000 in Losses to Contact the Firm&quot;\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.marketnewsdesk.com\/index.php\/lowey-dannenberg-notifies-pacs-group-inc-pacs-group-or-the-company-nyse-pacs-investors-of-securities-class-action-lawsuit-and-encourages-investors-with-more\/\" \/>\n<meta property=\"og:site_name\" content=\"Market Newsdesk\" \/>\n<meta property=\"article:published_time\" content=\"2024-12-13T19:08:05+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=OTMxOTE0NiM2NjM3MTQ5IzIxOTQ1MzQ=\" \/>\n<meta name=\"author\" content=\"Newsdesk\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Newsdesk\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/lowey-dannenberg-notifies-pacs-group-inc-pacs-group-or-the-company-nyse-pacs-investors-of-securities-class-action-lawsuit-and-encourages-investors-with-more\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/lowey-dannenberg-notifies-pacs-group-inc-pacs-group-or-the-company-nyse-pacs-investors-of-securities-class-action-lawsuit-and-encourages-investors-with-more\\\/\"},\"author\":{\"name\":\"Newsdesk\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/#\\\/schema\\\/person\\\/482f27a394d4fda80ecb5499e519d979\"},\"headline\":\"Lowey Dannenberg Notifies PACS Group, Inc. 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(\u201cPACS Group\u201d, or the \u201cCompany\u201d) (NYSE: PACS) Investors of Securities Class Action Lawsuit and Encourages Investors with more than $100,000 in Losses to Contact the Firm - Market Newsdesk","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.marketnewsdesk.com\/index.php\/lowey-dannenberg-notifies-pacs-group-inc-pacs-group-or-the-company-nyse-pacs-investors-of-securities-class-action-lawsuit-and-encourages-investors-with-more\/","og_locale":"en_US","og_type":"article","og_title":"Lowey Dannenberg Notifies PACS Group, Inc. (\u201cPACS Group\u201d, or the \u201cCompany\u201d) (NYSE: PACS) Investors of Securities Class Action Lawsuit and Encourages Investors with more than $100,000 in Losses to Contact the Firm - Market Newsdesk","og_description":"NEW YORK, Dec. 13, 2024 (GLOBE NEWSWIRE) &#8212; Lowey Dannenberg P.C., a preeminent law firm in obtaining redress for consumers and investors, announces the filing of a class action lawsuit against PACS Group, Inc. (\u201cPACS Group\u201d, or the \u201cCompany\u201d) (NYSE: PACS) for violations of the federal securities laws on behalf of investors who purchased or acquired PACS Group common stock: (a) at the time of the Company\u2019s Initial Public Offering (\u201cIPO\u201d) on April 11, 2024, and (b) between April 11, 2024 and November 5, 2024, inclusive (the \u201cClass Period\u201d). 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