Investors of PACS Group, Inc. Confront Potential Securities Fraud in Major Class Action Lawsuit
Investors of PACS Group, Inc. Confront Potential Securities Fraud in Major Class Action Lawsuit
On January 2, 2025, Kessler Topaz Meltzer & Check, LLP informed investors about a newly filed securities class action lawsuit targeting PACS Group, Inc. (NYSE: PACS). This legal action stems from allegations that the company misled share purchasers regarding its business operations, potentially deceiving them significantly during a critical period.
Background of the Lawsuit
The lawsuit covers individuals who purchased PACS Group’s common stock tied to a registration statement issued in association with its initial public offering (IPO) on April 11, 2024. It further concerns those who acquired securities between April 11, 2024, and November 5, 2024 (the