Tuesday, 05 November 2024 12:00 PM
Class Action
NEW YORK, NY / ACCESSWIRE / November 5, 2024 / Pomerantz LLP is investigating claims on behalf of investors of PACS Group, Inc. ("PACS" or the "Company") (NYSE:PACS). Such investors are advised to contact Danielle Peyton at [email protected] or 646-581-9980, ext. 7980.
The investigation concerns whether PACS and certain of its officers and/or directors have engaged in securities fraud or other unlawful business practices.
[Click here for information about joining the class action]
On November 4, 2024, Hindenburg Research ("Hindenburg") published a short report on PACS. Entitled "PACS Group: How To Become A Billionaire In The Skilled Nursing Industry By Systematically Scamming Taxpayers," the Hindenburg report accused PACS of engaging in fraudulent business practices.
Following publication of the Hindenburg report, PACS's stock price fell $11.93 per share, or 27.78%, to close at $31.01 per share on November 4, 2024.
Pomerantz LLP, with offices in New York, Chicago, Los Angeles, London, Paris, and Tel Aviv, is acknowledged as one of the premier firms in the areas of corporate, securities, and antitrust class litigation. Founded by the late Abraham L. Pomerantz, known as the dean of the class action bar, Pomerantz pioneered the field of securities class actions. Today, more than 85 years later, Pomerantz continues in the tradition he established, fighting for the rights of the victims of securities fraud, breaches of fiduciary duty, and corporate misconduct. The Firm has recovered billions of dollars in damages awards on behalf of class members. See www.pomlaw.com.
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SOURCE: Pomerantz LLP