Core Viewpoint - PACS Group, Inc. is facing a class action lawsuit following allegations of fraudulent practices related to its operations in skilled nursing facilities, which has led to a significant drop in its stock price and investor losses [1][3][4]. Group 1: Legal Actions - A class action has been initiated for investors who purchased PACS Group securities between April 11, 2024, and November 5, 2024, with a deadline for filing a lead plaintiff motion set for January 13, 2025 [1]. - Investors are encouraged to contact the Portnoy Law Firm for legal rights discussions and case evaluations [2]. Group 2: Allegations and Impact - Hindenburg Research published a report on November 4, 2024, accusing PACS of fraudulent practices, including the misuse of taxpayer-funded healthcare programs and improper billing to Medicare [3]. - Following the report's release, PACS' stock price fell by $11.93, or 27.8%, closing at $31.01 per share, resulting in substantial losses for investors [4].
PACS Group, Inc. Investors: Please contact the Portnoy Law Firm to recover your losses. January 13, 2025 Deadline to file Lead Plaintiff Motion