{"id":820535,"date":"2025-03-03T08:43:12","date_gmt":"2025-03-03T13:43:12","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/shareholder-alert-kaskela-law-llc-announces-shareholder-investigation-of-pacs-group-inc-nyse-pacs-and-encourages-long-term-pacs-investors-to-contact-the-firm\/"},"modified":"2025-03-03T08:43:12","modified_gmt":"2025-03-03T13:43:12","slug":"shareholder-alert-kaskela-law-llc-announces-shareholder-investigation-of-pacs-group-inc-nyse-pacs-and-encourages-long-term-pacs-investors-to-contact-the-firm","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/shareholder-alert-kaskela-law-llc-announces-shareholder-investigation-of-pacs-group-inc-nyse-pacs-and-encourages-long-term-pacs-investors-to-contact-the-firm\/","title":{"rendered":"SHAREHOLDER ALERT: Kaskela Law LLC Announces Shareholder Investigation of PACS Group, Inc.\u00a0(NYSE: PACS) and Encourages Long-Term PACS Investors to Contact the Firm"},"content":{"rendered":"
\n

PHILADELPHIA, March 03, 2025 (GLOBE NEWSWIRE) — Kaskela Law LLC announces that it is investigating PACS Group, Inc.\u00a0(NYSE: PACS) (\u201cPACS\u201d) on behalf of the company\u2019s long-term shareholders.\u00a0<\/p>\n

\n
\n Click here for additional information: <\/em>
\n <\/strong>
\n
\n
\n https:\/\/kaskelalaw.com\/case\/pacs-group\/<\/em>
\n <\/strong>
\n <\/a>\n <\/p>\n

Recently a securities fraud complaint was filed against PACS on behalf of certain investors who purchased shares of the company\u2019s stock between April 11, 2024 and November 5, 2024. According to the complaint, during that time period, PACS and several of the company\u2019s executive officers made a series of materially false and misleading statements and omissions to investors regarding PACS\u2019 rapid growth and profitability, primarily driven by the company\u2019s manipulation of billing practices that exploited taxpayer-funded programs.<\/p>\n

As further detailed in the complaint, \u201cthe truth about PACS\u2019 illicit practices, heightened regulatory risks, unsustainable revenues, and other undisclosed issues began to emerge on November 4, 2024, when Hindenburg Research (\u2018Hindenburg\u2019) published a report concerning PACS. This report detailed several allegations against the company, including evidence of PACS\u2019 misuse of COVID waivers to inflate Medicare reimbursements as well as other unsustainable revenue practices which misrepresented the company\u2019s financial health to investors.\u201d\u00a0\u00a0 Following this news, shares of the company\u2019s stock fell $11.93 per share, or over 27% in value, to close at $31.01 per share on November 4, 2024<\/em><\/strong>.<\/p>\n

Then, on November 6, 2024, before the opening of trading, the company announced that it would delay the release of its third-quarter 2024 financial results. PACS stated that the postponement was due to the company\u2019s Audit Committee conducting an investigation into recent third-party allegations concerning its reimbursement and referral practices. PACS also disclosed that it had received civil investigative demands from the federal government regarding these practices, which it stated may or may not have been related to the recent third-party report.\u00a0Following this disclosure, shares of the company\u2019s stock fell an additional $11.45 per share, or over 38% in value, to close at $18.09 per share on November 6, 2024.<\/em><\/strong><\/p>\n

The investigation seeks to determine whether the members of PACS\u2019 board of directors violated the securities laws and\/or breached their fiduciary duties in connection with the above alleged misconduct.\u00a0<\/p>\n

\n
\n PACS <\/em>
\n <\/strong>
\n
\n s<\/em>
\n <\/strong>
\n
\n hareholders who purchased or acquired their shares <\/em>
\n <\/strong>
\n
\n
\n prior to April 11, 2024<\/u>
\n <\/em>
\n <\/strong>
\n
\n are encouraged to contact Kaskela Law LLC (D. Seamus Kaskela, Esq. or Adrienne Bell, Esq.) at (484) <\/em>
\n <\/strong>
\n
\n 229 \u2013 0750 <\/em>
\n <\/strong>
\n
\n fo<\/em>
\n <\/strong>
\n
\n r additional information about this investigation and their legal rights and options. Alternatively, investors may submit their information to the firm by clicking on the following link (or if necessary, by copying and pasting the link into your browser):<\/em>
\n <\/strong>\n <\/p>\n

\n
\n
\n https:\/\/kaskelalaw.com\/case\/pacs-group\/<\/em>
\n <\/strong>
\n <\/a>\n <\/p>\n

Kaskela Law LLC exclusively represents investors in securities fraud, corporate governance, and merger & acquisition litigation on a contingent basis. For additional information about Kaskela Law LLC please visit www.kaskelalaw.com<\/a>.<\/p>\n

\n CONTACT:<\/strong>\n <\/p>\n

\n KASKELA LAW LLC<\/strong>
\n
D. Seamus Kaskela, Esq.
(skaskela@kaskelalaw.com<\/a>)
Adrienne Bell, Esq.
(abell@kaskelalaw.com<\/a>)
18 Campus Blvd., Suite 100
Newtown Square, PA 19073
(484) 229 \u2013 0750
www.kaskelalaw.com<\/a><\/p>\n

This notice may constitute attorney advertising in certain jurisdictions.<\/p>\n

\"\"
\n
\n \"\"\n <\/div>\n

<\/div>\n","protected":false},"excerpt":{"rendered":"

PHILADELPHIA, March 03, 2025 (GLOBE NEWSWIRE) — Kaskela Law LLC announces that it is investigating PACS Group, Inc.\u00a0(NYSE: PACS) (\u201cPACS\u201d) on behalf of the company\u2019s long-term shareholders.\u00a0 Click here for additional information: https:\/\/kaskelalaw.com\/case\/pacs-group\/ Recently a securities fraud complaint was filed against PACS on behalf of certain investors who purchased shares of the company\u2019s stock between April 11, 2024 and November 5, 2024. According to the complaint, during that time period, PACS and several of the company\u2019s executive officers made a series of materially false and misleading statements and omissions to investors regarding PACS\u2019 rapid growth and profitability, primarily driven by the company\u2019s manipulation of billing practices that exploited taxpayer-funded programs. As further detailed in the complaint, \u201cthe truth about PACS\u2019 … <\/p>\n

Continue reading “SHAREHOLDER ALERT: Kaskela Law LLC Announces Shareholder Investigation of PACS Group, Inc.\u00a0(NYSE: PACS) and Encourages Long-Term PACS Investors to Contact the Firm”<\/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-820535","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"\nSHAREHOLDER ALERT: Kaskela Law LLC Announces Shareholder Investigation of PACS Group, Inc.\u00a0(NYSE: PACS) and Encourages Long-Term PACS Investors 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\/shareholder-alert-kaskela-law-llc-announces-shareholder-investigation-of-pacs-group-inc-nyse-pacs-and-encourages-long-term-pacs-investors-to-contact-the-firm\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"SHAREHOLDER ALERT: Kaskela Law LLC Announces Shareholder Investigation of PACS Group, Inc.\u00a0(NYSE: PACS) and Encourages Long-Term PACS Investors to Contact the Firm - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"PHILADELPHIA, March 03, 2025 (GLOBE NEWSWIRE) — Kaskela Law LLC announces that it is investigating PACS Group, Inc.\u00a0(NYSE: PACS) (\u201cPACS\u201d) on behalf of the company\u2019s long-term shareholders.\u00a0 Click here for additional information: https:\/\/kaskelalaw.com\/case\/pacs-group\/ Recently a securities fraud complaint was filed against PACS on behalf of certain investors who purchased shares of the company\u2019s stock between April 11, 2024 and November 5, 2024. According to the complaint, during that time period, PACS and several of the company\u2019s executive officers made a series of materially false and misleading statements and omissions to investors regarding PACS\u2019 rapid growth and profitability, primarily driven by the company\u2019s manipulation of billing practices that exploited taxpayer-funded programs. As further detailed in the complaint, \u201cthe truth about PACS\u2019 … Continue reading "SHAREHOLDER ALERT: Kaskela Law LLC Announces Shareholder Investigation of PACS Group, Inc.\u00a0(NYSE: PACS) and Encourages Long-Term PACS Investors to Contact the Firm"\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.marketnewsdesk.com\/index.php\/shareholder-alert-kaskela-law-llc-announces-shareholder-investigation-of-pacs-group-inc-nyse-pacs-and-encourages-long-term-pacs-investors-to-contact-the-firm\/\" \/>\n<meta property=\"og:site_name\" content=\"Market Newsdesk\" \/>\n<meta property=\"article:published_time\" content=\"2025-03-03T13:43:12+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=OTM4NzU2NCM2Nzg2NjM1IzIwOTk5MzU=\" \/>\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\\\/shareholder-alert-kaskela-law-llc-announces-shareholder-investigation-of-pacs-group-inc-nyse-pacs-and-encourages-long-term-pacs-investors-to-contact-the-firm\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/shareholder-alert-kaskela-law-llc-announces-shareholder-investigation-of-pacs-group-inc-nyse-pacs-and-encourages-long-term-pacs-investors-to-contact-the-firm\\\/\"},\"author\":{\"name\":\"Newsdesk\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/#\\\/schema\\\/person\\\/482f27a394d4fda80ecb5499e519d979\"},\"headline\":\"SHAREHOLDER ALERT: Kaskela Law LLC Announces Shareholder Investigation of PACS Group, Inc.\u00a0(NYSE: PACS) and Encourages Long-Term PACS Investors to Contact the Firm\",\"datePublished\":\"2025-03-03T13:43:12+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/shareholder-alert-kaskela-law-llc-announces-shareholder-investigation-of-pacs-group-inc-nyse-pacs-and-encourages-long-term-pacs-investors-to-contact-the-firm\\\/\"},\"wordCount\":505,\"image\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/shareholder-alert-kaskela-law-llc-announces-shareholder-investigation-of-pacs-group-inc-nyse-pacs-and-encourages-long-term-pacs-investors-to-contact-the-firm\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.globenewswire.com\\\/newsroom\\\/ti?nf=OTM4NzU2NCM2Nzg2NjM1IzIwOTk5MzU=\",\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/shareholder-alert-kaskela-law-llc-announces-shareholder-investigation-of-pacs-group-inc-nyse-pacs-and-encourages-long-term-pacs-investors-to-contact-the-firm\\\/\",\"url\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/shareholder-alert-kaskela-law-llc-announces-shareholder-investigation-of-pacs-group-inc-nyse-pacs-and-encourages-long-term-pacs-investors-to-contact-the-firm\\\/\",\"name\":\"SHAREHOLDER ALERT: Kaskela Law LLC Announces Shareholder Investigation of PACS Group, Inc.\u00a0(NYSE: PACS) and Encourages Long-Term PACS Investors to Contact the Firm - 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According to the complaint, during that time period, PACS and several of the company\u2019s executive officers made a series of materially false and misleading statements and omissions to investors regarding PACS\u2019 rapid growth and profitability, primarily driven by the company\u2019s manipulation of billing practices that exploited taxpayer-funded programs. As further detailed in the complaint, \u201cthe truth about PACS\u2019 … Continue reading \"SHAREHOLDER ALERT: Kaskela Law LLC Announces Shareholder Investigation of PACS Group, Inc.\u00a0(NYSE: PACS) and Encourages Long-Term PACS Investors to Contact the Firm\"","og_url":"https:\/\/www.marketnewsdesk.com\/index.php\/shareholder-alert-kaskela-law-llc-announces-shareholder-investigation-of-pacs-group-inc-nyse-pacs-and-encourages-long-term-pacs-investors-to-contact-the-firm\/","og_site_name":"Market Newsdesk","article_published_time":"2025-03-03T13:43:12+00:00","og_image":[{"url":"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=OTM4NzU2NCM2Nzg2NjM1IzIwOTk5MzU=","type":"","width":"","height":""}],"author":"Newsdesk","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Newsdesk","Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/shareholder-alert-kaskela-law-llc-announces-shareholder-investigation-of-pacs-group-inc-nyse-pacs-and-encourages-long-term-pacs-investors-to-contact-the-firm\/#article","isPartOf":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/shareholder-alert-kaskela-law-llc-announces-shareholder-investigation-of-pacs-group-inc-nyse-pacs-and-encourages-long-term-pacs-investors-to-contact-the-firm\/"},"author":{"name":"Newsdesk","@id":"https:\/\/www.marketnewsdesk.com\/#\/schema\/person\/482f27a394d4fda80ecb5499e519d979"},"headline":"SHAREHOLDER ALERT: Kaskela Law LLC Announces Shareholder Investigation of PACS Group, Inc.\u00a0(NYSE: PACS) and Encourages Long-Term PACS Investors to Contact the Firm","datePublished":"2025-03-03T13:43:12+00:00","mainEntityOfPage":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/shareholder-alert-kaskela-law-llc-announces-shareholder-investigation-of-pacs-group-inc-nyse-pacs-and-encourages-long-term-pacs-investors-to-contact-the-firm\/"},"wordCount":505,"image":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/shareholder-alert-kaskela-law-llc-announces-shareholder-investigation-of-pacs-group-inc-nyse-pacs-and-encourages-long-term-pacs-investors-to-contact-the-firm\/#primaryimage"},"thumbnailUrl":"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=OTM4NzU2NCM2Nzg2NjM1IzIwOTk5MzU=","inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/shareholder-alert-kaskela-law-llc-announces-shareholder-investigation-of-pacs-group-inc-nyse-pacs-and-encourages-long-term-pacs-investors-to-contact-the-firm\/","url":"https:\/\/www.marketnewsdesk.com\/index.php\/shareholder-alert-kaskela-law-llc-announces-shareholder-investigation-of-pacs-group-inc-nyse-pacs-and-encourages-long-term-pacs-investors-to-contact-the-firm\/","name":"SHAREHOLDER ALERT: Kaskela Law LLC Announces Shareholder Investigation of PACS Group, Inc.\u00a0(NYSE: PACS) and Encourages Long-Term PACS Investors to Contact the Firm - 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