Levi & Korsinsky, LLP announces that an ATIP class action lawsuit has been filed on behalf of investors who purchased ATI Physical Therapy, Inc. f/k/a Fortress Value Acquisition Corp. II (ATIP) This lawsuit is on behalf of investors who: (a) purchased or otherwise acquired ATI securities between April 1, 2021, and July 23, 2021, inclusive and/or (b) held FVAC Class A common stock as of May 24, 2021, and were eligible to vote at FVAC’s June 15, 2021, special meeting. For more on the ATIP Lawsuit please contact us today.
According to the ATI Physical Therapy lawsuit, throughout the Class Period defendants made false and/or misleading statements and/or failed to disclose that:(1) ATI was experiencing attrition among its physical therapists; (2) ATI faced increasing competition for clinicians in the labour market; (3) as a result of the foregoing, the Company faced difficulties retaining therapists and incurred increased labour costs; (4) as a result of the labour shortage, the Company would open fewer new clinics; and (5) as a result of the foregoing, Defendants’ positive statements about the Company’s business, operations, and prospects were materially misleading and/or lacked a reasonable basis.
If you suffered a loss in ATI Physical Therapy you have until October 15, 2021, to request that the Court appoint you as lead plaintiff. Your ability to share in any recovery doesn’t require that you serve as a lead plaintiff.
Levi & Korsinsky, LLP
Joseph E. Levi, Esq.
55 Broadway, 10th Floor
New York, NY 10006
Tel: (212) 363-7500
Fax: (212) 363-7171