Kahn Swick & Foti Encourages PACS Group Investors to Act Amid Lawsuits

Important Alert for PACS Group Investors

Kahn Swick & Foti, LLC (KSF), led by former Louisiana Attorney General Charles C. Foti, Jr., has issued a critical reminder for investors in PACS Group, Inc. (NYSE PACS). If you endured losses surpassing $100,000, you are urged to consider participating in class action lawsuits by applying for lead plaintiff status. This notice is crucial as the deadline for submissions is January 13, 2025.

Details About the Class Action Lawsuits

The class action lawsuits pertain to securities transactions made during the period from April 11, 2024, to November 5, 2024. Investors who purchased or otherwise acquired shares of PACS during this timeframe, as well as those who participated in the initial public offering (IPO) in April 2024 and the secondary public offering (SPO) in September 2024, are particularly affected.

PACS Group and certain executives are facing allegations for not disclosing key information that could have influenced the decisions of investors during this period. These violations of federal securities laws have raised concerns and led to these legal actions.

In an alarming turn of events on November 6, 2024, PACS Group revealed that it was under federal investigation concerning its reimbursement and referral practices. This announcement followed a particularly damaging third-party report and subsequently led to a significant drop in the stock price, plummeting by $11.45 or 38.76%, resulting in closure at $18.09 per share, amidst unusually heavy trading volumes.

The first lawsuit filed is titled Manchin v. PACS Group, Inc., et al. (No. 24-cv-8636), with a second case following under New Orleans Employees' Retirement System v. PACS Group, Inc., et al. (24-cv-8882), both ongoing in the United States District Court for the Southern District of New York.

What Investors Can Do

If you qualify as an investor who has experienced losses related to PACS Group and wish to understand your rights, you can reach out without any obligation. KSF offers free consultations and can provide insights on how to proceed with these lawsuits. Managing Partner Lewis Kahn can be contacted toll-free at 1-877-515-1850 or via email at email protected]. More information is also available on their website, [www.ksfcounsel.com.

About Kahn Swick & Foti, LLC

Established as a respected boutique securities litigation firm in the United States, KSF represents a diverse range of clients, including public institutional investors, hedge funds, and retail investors. The firm's emphasis is on recovering losses attributed to corporate misconduct, ensuring that investor rights are protected even in challenging situations.

With offices strategically located across major cities including New York, Delaware, California, Louisiana, Chicago, and New Jersey, KSF is well-equipped to handle securities cases and provide expert guidance to aggrieved investors.

Investors of PACS Group are encouraged to act promptly to secure their rights and potentially recover their financial losses. Don't miss the crucial deadline to file as a lead plaintiff in an effort to reclaim your damages.