PACS Group, Inc. Class Action Lawsuit - PAC

The filed complaint alleges that PACS Group, Inc. made materially false and/or misleading statements and/or failed to disclose that: (1) the Company engaged in a “scheme” to submit false Medicare claims which “drove more than 100% of PACS’ operating and net income from 2020 – 2023”; (2) the Company engaged in a “scheme” to “bill thousands of unnecessary respiratory and sensory integration therapies to Medicare”; (3) the Company engaged in a scheme to falsify documentation related to licensure and staffing; and (4) 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.

In order to be eligible to join the PAC class action lawsuit, you must have incurred a loss on shares of PACS Group, Inc. purchased during the class period listed above.

If you suffered a loss in PACS Group, Inc. during the relevant time frame, you have until January 13, 2025 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.