Lead Plaintiff Deadline is January 13, 2025
New York, New York–(Newsfile Corp. – January 3, 2025) – Scott+Scott Attorneys at Legislation LLP (“Scott+Scott”), a global shareholder and client rights litigation agency, notifies traders that the deadline to maneuver for lead plaintiff in a securities class motion lawsuit in opposition to PACS Group, Inc. (NYSE: PACS) (“PACS” or the “Company”) and sure different defendants (collectively, “Defendants”) is January 13, 2025.
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The motion, which was filed within the U.S. District Court docket for the Southern District of New York, asserts claims beneath §§11, 12(a)(2), and 15 of the Securities Act (the “Securities Act”) and beneath §§10(b) and 20(a) of the Securities Alternate Act of 1934 (the “Exchange Act”) on behalf of a Class consisting of all individuals who bought or in any other case acquired PACS securities between April 11, 2024, and November 5, 2024, inclusive (the “Class Period”), and customary inventory pursuant, or traceable, or each, to PACS’s September 2024 secondary public providing and who had been broken thereby (the “Class”).
In keeping with the Grievance, in the course of the Class Interval, Defendants made materially false and/or deceptive statements, and didn’t disclose materials hostile info concerning the Firm’s enterprise operations, and prospects. Particularly, Defendants didn’t speak in confidence to traders that, amongst different issues: (1) the Firm inflated its Medicare revenues by misclassifying sufferers, and (2) fraudulently billed for pointless therapies and companies by no means offered to sufferers.
When the reality emerged, in line with the Grievance, PACS’s share value fell $11.93 per share, or greater than 27%, to shut at $31.01 per share on November 4, 2024, thereby injuring traders.
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Lead Plaintiff Deadline
The Lead Plaintiff deadline on this motion is January 13, 2025. Any member of the proposed Class might search to function Lead Plaintiff by way of counsel of their selection, or might select to do nothing and stay a member of the proposed Class.
If you happen to bought PACS securities in the course of the Class Interval, and suffered damages, realized or unrealized, you might be inspired to contact Scott+Scott lawyer Nicholas Bruno at (888) 398-9312, or nbruno@scott-scott.com, for extra info.
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About Scott+Scott Attorneys at Legislation LLP
Scott+Scott has important expertise in prosecuting main securities, antitrust, and worker retirement plan actions all through the US. The agency represents pension funds, foundations, people, and different entities worldwide with workplaces in New York, London, Amsterdam, Connecticut, Virginia, California, and Ohio.
This can be thought-about Lawyer Promoting.
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