Wednesday, 23 September 2026 01:20 PM
Lawsuits
Update in the lawsuit that is currently pending for certain investors in shares of PACS Group, Inc. (NYSE: PACS). Investors who purchased shares of PACS Group, Inc. (NYSE: PACS) prior to April 2024 should contact the Shareholders Foundation at [email protected] or call +1(858) 779 - 1554.
SAN DIEGO, CA / ACCESS Newswire / September 23, 2026 / The Shareholders Foundation, Inc. announced an update in the lawsuit that is currently pending for certain investors in shares of PACS Group, Inc. (NYSE:PACS).
Investors who purchased shares of PACS Group, Inc. (NYSE: PACS) prior to April 2024 and continue to hold any of those NYSE: PACS shares have also certain options. Those NYSE: PACS stockholders should contact the Shareholders Foundation at [email protected] or call +1(858) 779 - 1554.
On November 13, 2024, a NYSE: PACS investor filed a lawsuit over alleged securities laws violations by PACS Group, Inc. The plaintiff alleged that the defendants failed to disclose to investors that the Company engaged in a "scheme" to submit false Medicare claims which "drove more than 100% of PACS' operating and net income from 2020 - 2023", that the Company engaged in a "scheme" to "bill thousands of unnecessary respiratory and sensory integration therapies to Medicare", that the Company engaged in a scheme to falsify documentation related to licensure and staffing, and that, as a result of the foregoing, 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 and on February 17, 2026, the defendants filed their motion to dismiss the case.
Those who purchased shares of PACS Group, Inc. (NYSE: PACS) should contact the Shareholders Foundation, Inc.
CONTACT:
Shareholders Foundation, Inc.
Michael Daniels
+1 (858) 779-1554
[email protected]
3111 Camino Del Rio North
Suite 423
San Diego, CA 92108
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.
SOURCE: Shareholders Foundation, Inc.