NYSE: PACS ALERT: Investors in shares of PACS Group, Inc. shares should contact the Shareholders Foundation in connection with Lawsuit
NYSE: PACS ALERT: Investors in shares of PACS Group, Inc. shares should contact the Shareholders Foundation in connection with Lawsuit |
| [14-July-2026] |
SAN DIEGO, July 14, 2026 /PRNewswire/ -- The Shareholders Foundation, Inc. announces that a lawsuit is currently pending for certain investors in PACS Group, Inc. (NYSE: PACS) shares.
NOTICE: Investors who purchased shares of PACS Group, Inc. (NYSE: PACS) prior to April 2024 and continue to hold any of those NYSE: PACS shares have also certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554. On November 13, 2024, a NYSE: PACS investor in shares filed a lawsuit against PACS Group, Inc. over alleged securities laws violations. The plaintiff alleged that the defendants failed to disclose to investors that 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", that the Company engaged in a "scheme" to "bill thousands of unnecessary respiratory and sensory integration therapies to Medicare", that the Company engaged in a scheme to falsify documentation related to licensure and staffing, and that, 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. On December 19, 2025, a consolidated amended complaint was filed and on February 17, 2026, the defendants filed their motion to dismiss the case. Those who purchased shares of PACS Group, Inc. (NYSE: PACS) should contact the Shareholders Foundation, Inc. CONTACT: The Shareholders Foundation, Inc. is a professional portfolio legal monitoring and a settlement claim filing service, which does research related to shareholder issues and informs investors of securities class actions, settlements, judgments, and other legal related news to the stock/financial market. The Shareholders Foundation, Inc. is not a law firm. Any referenced cases, investigations, and/or settlements are not filed/initiated/reached and/or are not related to Shareholders Foundation. The information is only provided as a public service. It is not intended as legal advice and should not be relied upon.
SOURCE Shareholders Foundation, Inc. | ||
Company Codes: NYSE:PACS |
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