Shareholder alert: investigation of pacs group announced by johnson fistel

San diego, nov. 13, 2024 (globe newswire) -- shareholder rights law firm johnson fistel, llp is investigating whether pacs group, inc. (nyse: pacs) or any of its executive officers or others violated securities laws by misrepresenting or failing to timely disclose material, adverse information to investors. on november 4, 2024, hindenburg research issued a report questioning pacs claims to have discovered a winning ‘turnaround' formula for transforming poorly performing skilled nursing facilities into “cash spigots”. the report states that “our 5-month investigation, including interviews with 18 former employees, competitors, and an analysis of 900+ detailed facility-level cost reports, revealed that pacs' ‘turnaround' strategy largely boils down to systematically scamming taxpayer-funded healthcare programs.”
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