Medicare fraud allegations cast shadow over pacs group (pacs) - hagens berman

Pacs investors with losses encouraged to contact the firm before jan. 13, 2025 deadline san francisco, ca / accesswire / january 8, 2025 / pacs group (nyse:pacs), a nursing home operator that saw its stock soar after its initial public offering in april, has experienced a precipitous decline in recent weeks, losing 70 percent of its market capitalization since early november. the company is now grappling with allegations of deceptive medicare billing practices, a federal regulatory investigation, delayed financial reporting and a burgeoning investor class-action lawsuit.
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