Shareholders that lost money on PACS Group, Inc.(PACS) should contact The Gross Law Firm about pending Class Action - PACS

Core Viewpoint - The Gross Law Firm has issued a notice to shareholders of PACS Group, Inc. regarding a class action lawsuit due to alleged fraudulent activities during the company's operations from 2020 to 2023 [1]. Summary by Sections Class Period - The lawsuit pertains to individuals and entities that purchased PACS Group common stock during the class period, which includes shares acquired from the April 11, 2024 initial public offering and securities purchased between April 11, 2024, and November 5, 2024 [3]. Allegations - The complaint alleges that PACS Group engaged in a scheme involving: 1. Submission of false Medicare claims that accounted for over 100% of the company's operating and net income from 2020 to 2023 [4]. 2. Billing for unnecessary respiratory and sensory integration therapies to Medicare [4]. 3. Falsifying documentation related to licensure and staffing [4]. 4. Misleading statements regarding the company's business, operations, and prospects due to the aforementioned activities [4]. Next Steps for Shareholders - Shareholders are encouraged to register for the class action by January 13, 2025, to participate in the case without any cost or obligation [5]. Once registered, they will receive updates through a portfolio monitoring software [5]. Law Firm's Commitment - The Gross Law Firm aims to protect investors' rights and ensure companies adhere to responsible business practices, seeking recovery for losses incurred due to misleading statements or omissions that inflated stock prices [6].