PACS LEGAL DEADLINE: PACS Group Class Action Deadline is Approaching – Contact BFA Law if You Suffered Losses (NYSE:PACS)

Core Viewpoint - A lawsuit has been filed against PACS Group, Inc. and its senior executives for potential violations of federal securities laws, with claims related to misleading representations about the company's profitability and turnaround strategy [1][2][3]. Group 1: Lawsuit Details - The lawsuit is pending in the U.S. District Court for the Southern District of New York, titled Manchin v. PACS Group, Inc., et al., No. 24-cv-08636 [2]. - Investors have until January 13, 2025, to request to lead the case [2]. Group 2: Allegations Against PACS - PACS is alleged to be one of the largest operators of skilled nursing facilities in the U.S., claiming to have a successful turnaround strategy that was, in reality, based on illicitly accessing Medicare benefits for thousands of patients [3]. - A report by Hindenburg Research accused PACS of abusing a COVID-era waiver to improperly access Medicare benefits, which allegedly accounted for over 100% of the company's operating and net income from 2020 to 2023 [4]. Group 3: Stock Price Impact - Following the allegations, PACS's stock price experienced significant declines: a drop of 27.8% from $42.94 to $31.01 on November 4, 2024, and a further decline of 38.8% from $29.54 to $18.09 on November 6, 2024 [4].