NEW YORK, Nov. 08, 2024 (GLOBE NEWSWIRE) -- Leading securities law firm Bleichmar Fonti & Auld LLP announces an investigation into PACS Group, Inc. (NYSE: PACS) for potential violations of the federal securities laws. If you invested in PACS, you are encouraged to obtain additional information by visiting https://www.bfalaw.com/cases-investigations/pacs-group-inc. Why Did PACS’s Stock Drop? PACS is one of the largest operators of skilled nursing facilities in the United States. PACS has repeatedly represen ...

Core Insights - PACS Group, Inc. is under investigation for possible securities fraud following allegations of fraudulent practices related to its turnaround strategy for skilled nursing facilities [3][4] - The company's stock price experienced a significant decline of 27.8%, dropping by $11.93 to close at $31.01 per share on November 4, 2024, leading to substantial losses for investors [4] Investigation Details - Hindenburg Research released a report on November 4, 2024, accusing PACS of exploiting taxpayer-funded healthcare programs and misusing a COVID-era waiver [3] - Allegations include improper billing of Medicare Part B for unnecessary therapies and employing unlicensed administrators [3] Legal Actions - The Portnoy Law Firm has initiated an investigation and may file a class action on behalf of PACS investors who incurred losses [1] - Investors are encouraged to contact the law firm for a complimentary case evaluation and to discuss their legal rights [2][5]

Core Insights - Holzer & Holzer, LLC is investigating PACS Group, Inc. for potential violations of federal securities laws following allegations from Hindenburg Research regarding the company's turnaround strategy being a scam against taxpayer-funded healthcare programs [1] - The stock price of PACS Group, Inc. experienced a decline after the allegations were made public [1] Company Overview - PACS Group, Inc. is listed on the NYSE under the ticker PACS [1] - The company is currently facing scrutiny due to serious allegations that could impact its reputation and financial standing [1] Legal Context - Holzer & Holzer, LLC is a law firm specializing in securities litigation, representing shareholders and investors in cases of corporate misconduct [3] - The firm has a history of recovering significant amounts for shareholders affected by fraud, indicating a strong focus on protecting investor rights [3]

NEW YORK, Nov. 06, 2024 (GLOBE NEWSWIRE) -- Leading securities law firm Bleichmar Fonti & Auld LLP announces an investigation into PACS Group, Inc. (NYSE: PACS) for potential violations of the federal securities laws. If you invested in PACS, you are encouraged to obtain additional information by visiting https://www.bfalaw.com/cases-investigations/pacs-group-inc. Why Did PACS’s Stock Drop? PACS is one of the largest operators of skilled nursing facilities in the United States. PACS has repeatedly represen ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): November 6, 2024 PACS GROUP, INC. | --- | --- | --- | |------------------------------------------------------------------------------------------------------------|------------------------------------------------------------------------|-----------------------------------------------------| | ( ...

Core Viewpoint - PACS Group, Inc. is under investigation for potential violations of federal securities laws and unlawful business practices following a critical report by Hindenburg Research, which claims the company has been involved in fraudulent activities within the skilled nursing industry [1][2]. Group 1: Investigation and Allegations - Bragar Eagel & Squire, P.C. is investigating potential claims against PACS Group on behalf of its stockholders [1]. - Hindenburg Research's report alleges that PACS Group's turnaround strategy for skilled nursing facilities is primarily based on scamming taxpayer-funded healthcare programs, following a five-month investigation that included interviews with 18 former employees and an analysis of over 900 facility-level cost reports [2]. Group 2: Market Reaction - Following the release of Hindenburg Research's report, PACS Group's stock experienced a significant decline of 27.7% on November 4, 2024 [2].

SAN DIEGO, Nov. 5, 2024 /PRNewswire/ -- The law firm of Robbins Geller Rudman & Dowd LLP is investigating potential violations of U.S. federal securities laws involving PACS Group, Inc. (NYSE: PACS) focused on whether the company and certain of its top executives made false and/or misleading statements and/or failed to disclose material information to investors.If you have information that could assist in the PACS Group Investigation or if you are a PACS Group investor who suffered a loss and would like to ...

PHILADELPHIA, Nov. 05, 2024 (GLOBE NEWSWIRE) -- The law firm of Barrack, Rodos & Bacine is investigating PACS Group Inc. (NYSE: PACS) for potential securities claims on behalf of shareholders who have suffered financial losses in their PACS' investment. WHAT'S THIS ABOUT? On November 4, 2024, Hindenburg Research published a research report about PACS alleging, among other things, that the company has been "systematically scamming taxpayers." According to Hindenburg, PACS inflated its Medicare revenue by mis ...

SAN DIEGO, Nov. 04, 2024 (GLOBE NEWSWIRE) -- Robbins Geller Rudman & Dowd LLP is investigating potential violations of U.S. federal securities laws involving PACS Group, Inc. (NYSE: PACS) focused on whether the company and certain of its top executives made false and/or misleading statements and/or failed to disclose material information to investors. If you have information that could assist in the PACS Group Investigation or if you are a PACS Group investor who suffered a loss and would like to learn more ...

SAN FRANCISCO, Nov. 04, 2024 (GLOBE NEWSWIRE) -- PACS Group, Inc. (NYSE: PACS) experienced a significant decline in its share price on November 4, 2024, following the publication of an explosive short report by activist short seller Hindenburg Research. The report, titled “PACS Group: How To Become A Billionaire In The Skilled Nursing Industry By Systematically Scamming Taxpayers,” accused the company of engaging in fraudulent practices. Hagens Berman has begun an investigation into the matter and urges inv ...