Core Viewpoint - A class action lawsuit has been filed against PACS Group, Inc. for alleged violations of federal securities laws related to false statements and fraudulent activities concerning Medicare claims [1][3]. Group 1: Lawsuit Details - The lawsuit targets shareholders who purchased PACS securities during the initial public offering on April 11, 2024, or within the class period from April 11, 2024, to November 5, 2024 [2]. - The complaint alleges that PACS engaged in a false Medicare claim scam, which contributed to over 100% of its operating and net income from 2020 to 2023 [3]. - PACS is accused of billing Medicare for thousands of unnecessary therapies and falsifying documentation related to licensure and staffing [3]. Group 2: Legal Representation - DJS Law Group specializes in securities class actions and corporate governance litigation, focusing on enhancing investor returns through advocacy [4]. - The firm represents some of the largest hedge funds and alternative asset managers, emphasizing the value of litigation claims as significant assets [4].
PACS Group, Inc. Sued for Securities Law Violations - Contact the DJS Law Group to Discuss Your Rights - PACS