Former Louisiana Attorney General Warns PACS Group Shareholders of Legal Deadlines

Alert for PACS Group Shareholders

Investors Urged to Act Promptly
Investors in PACS Group, Inc. are receiving an important advisory from Kahn Swick & Foti, LLC (KSF), led by former Louisiana Attorney General Charles C. Foti, Jr. Those who have experienced losses exceeding $100,000 are reminded that the deadline to file lead plaintiff applications in the ongoing class action lawsuits is January 13, 2025. This notice aims to ensure that affected shareholders take the necessary steps to protect their interests before it's too late.

Details Surrounding the Class Action
The class action lawsuits concern the company’s alleged failure to disclose significant material information during its recent securities offerings. The legal action is motivated by events that transpired between April 11, 2024, and November 5, 2024, as well as linked registration statements from its April 2024 Initial Public Offering (IPO) and its September 2024 Secondary Public Offering (SPO). Investors who acquired PACS securities during this timeframe may be eligible to join the lawsuits, which are currently being adjudicated in the Southern District of New York.

What Happened?
On November 6, 2024, PACS Group faced a substantial drop in its stock price, plummeting $11.45 (approximately 38.76%) to settle at $18.09 per share. This sharp decline was triggered by the company's disclosure that it received civil investigative demands from federal authorities, which raised concerns about PACS's reimbursement and referral practices. In light of this news, the company also announced a postponement of its Q3 2024 earnings report, which compounded investor concerns.

Your Rights as an Investor
For investors who purchased PACS securities and wish to discuss their legal rights, KSF offers a consultative approach without any obligation or costs. Interested parties can reach out to KSF Managing Partner Lewis Kahn toll-free at 1-877-515-1850 or email [email protected]. It's essential for investors to be proactive in understanding how these legal proceedings might impact their financial standing and right to recovery.

Background on Kahn Swick & Foti, LLC
KSF is recognized as one of the premier securities litigation law firms in the United States, representing a wide array of clients from individual retail investors to large institutional entities. Their mission is to recover investment losses stemming from corporate malfeasance and fraud by publicly traded companies. With offices strategically located across several states including New York, Delaware, California, Louisiana, Chicago, and New Jersey, KSF is well-positioned to address the complexities of securities law.

Conclusion
As the deadline for filing approaches, PACS Group investors should consider their standing in these class action lawsuits seriously. Kahn Swick & Foti, LLC stands ready to assist those looking to pursue justice and financial recovery for their losses. For more information regarding this case and others in progress, you can visit Kahn Swick & Foti’s website.