The Shareholders Foundation, Inc. announces that a lawsuit is pending on behalf of certain investors in PACS Group, Inc. (NYSE: PACS) in the U.S. District Court for the Southern District of New York (Case No. 24-cv-08636).
NOTICE: Investors who purchased PACS Group, Inc. (NYSE: PACS) shares before April 2024 and continue to hold any of those shares may have certain legal options and should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1 (858) 779-1554.
On November 13, 2024, an investor filed a lawsuit against PACS Group, Inc. alleging violations of securities laws. The complaint alleges that the defendants failed to disclose to investors that the company had engaged in a scheme to submit false Medicare claims that allegedly accounted for more than 100% of PACS' operating and net income from 2020 through 2023; that the company had allegedly billed Medicare for thousands of unnecessary respiratory and sensory integration therapies; and that the company had allegedly falsified documentation relating to licensure and staffing.
The complaint further alleges that, as a result of these alleged practices, the 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. On February 17, 2026, the defendants filed a motion to dismiss the case.
Investors who purchased PACS Group, Inc. (NYSE: PACS) shares should contact the Shareholders Foundation, Inc. to learn more about their potential options.
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.
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