PACS Group, Inc.(US:PACS) Prnewswireยท2024-12-30 10:45Core Viewpoint - The Gross Law Firm has announced a class action lawsuit on behalf of shareholders of PACS Group, Inc. due to allegations of fraudulent activities that misled investors [1][3]. Group 1: Lawsuit Details - The lawsuit is for individuals and entities that purchased PACS Group common stock during the class period from April 11, 2024, to November 5, 2024 [2]. - Shareholders are encouraged to register for the class action by January 13, 2025, to potentially be appointed as lead plaintiffs [4]. Group 2: Allegations Against PACS Group - The complaint alleges that PACS Group engaged in a scheme to submit false Medicare claims, which accounted for over 100% of the company's operating and net income from 2020 to 2023 [3]. - It is claimed that the company billed for unnecessary respiratory and sensory integration therapies to Medicare [3]. - The allegations also include falsification of documentation related to licensure and staffing, leading to misleading statements about the company's business and prospects [3]. Group 3: Law Firm's Mission - The Gross Law Firm aims to protect the rights of investors who have suffered due to deceit and illegal business practices, ensuring companies adhere to responsible business practices [5].