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Important Update on PACS Group, Inc. Shareholder Lawsuit

Levi & Korsinsky, LLP has issued a crucial notice for investors in PACS Group, Inc. (NYSE: PACS) regarding a class action securities lawsuit. This legal action seeks to address alleged securities fraud that has negatively impacted shareholders and aims to recover losses on their behalf.

Understanding the Class Action

The lawsuit pertains to individuals and entities who purchased or acquired common stock from PACS Group, Inc. between April 11, 2024, and November 5, 2024. Investors are reminded that they have until January 13, 2025, to request the Court to appoint them as lead plaintiff in this case. However, participation in any recovery from this lawsuit does not necessitate serving as a lead plaintiff.

Key Allegations

The securities complaint alleges various serious shortcomings and dishonest actions taken by PACS Group, which led to substantial investor losses. The details of the case highlight that:

1. False Medicare Claims: The company allegedly engaged in a system to submit fraudulent Medicare claims, leading to soaring operating and net income figures for the years 2020-2023.
2. Unnecessary Therapies: PACS is accused of billing for thousands of unnecessary respiratory and sensory integration therapies to Medicare.
3. Documentation Violations: The firm reportedly falsified licensure and staffing documentation, further complicating its legitimacy as a corporation.
4. Misleading Statements: These actions made previously positive statements about the company’s growth prospects to investors seem materially misleading and lacking a reasonable basis.

What Should Investors Do?

If you have experienced financial loss linked to your PACS Group investments during the specified time frame, Levi & Korsinsky encourages you to reach out. Investors can find additional details and potentially contact a legal representative through a provided link.

• - Contact Information:

- Joseph E. Levi, Esq. can be reached via email at [email protected] or by telephone at (212) 363-7500.

Additionally, individuals should feel encouraged to file a claim without fear of upfront fees, as class members may be entitled to compensation at no personal cost.

Why Choose Levi & Korsinsky?

With over two decades of experience, Levi & Korsinsky has established a track record of securing millions for shareholders involved in similar cases. Their firm is recognized among the top securities litigation firms in the U.S., effectively representing investors in complex financial disputes and maintaining a prominent position in the industry.

For further inquiries, investors may contact:
Levi & Korsinsky, LLP
33 Whitehall Street, 17th Floor
New York, NY 10004
(212) 363-7500
www.zlk.com

As a potential class member, now is the time to explore your rights and options regarding the PACS Group lawsuit. Important deadlines are approaching, and proactive steps could be necessary for achieving justice and compensation.

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