Core Viewpoint - The Gross Law Firm has issued a notice to shareholders of PACS Group, Inc. regarding a class action lawsuit due to allegations of fraudulent activities that misled investors [1][2]. Group 1: Allegations - The lawsuit 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 [2]. - The company is accused of billing for thousands of unnecessary respiratory and sensory integration therapies to Medicare [2]. - There are claims that PACS falsified documentation related to licensure and staffing, leading to misleading statements about the company's business and prospects [2]. Group 2: Class Action Details - The class period for the lawsuit includes shares purchased from April 11, 2024, to November 5, 2024 [1]. - Shareholders are encouraged to register for the class action by January 13, 2025, to potentially become lead plaintiffs [3]. - Once registered, shareholders will receive updates through a portfolio monitoring software regarding the case's progress [3]. Group 3: Law Firm's Mission - The Gross Law Firm aims to protect investors' rights who have suffered due to deceit and illegal business practices [4]. - The firm is committed to ensuring companies adhere to responsible business practices and seeks recovery for investors affected by misleading statements [4].
The Gross Law Firm Reminds Shareholders of a Lead Plaintiff Deadline of January 13, 2025 in PACS Group, Inc. Lawsuit - PACS