PACS Group, Inc. (NYSE: PACS) Securities Fraud Class Action

Case Background:
This is a federal securities fraud class action lawsuit on behalf of those who purchased or otherwise acquired PACS Group, Inc. (“PACS”) (NYSE: PACS) securities between April 11, 2024 and December 16, 2024, inclusive (the “Class Period”).

PACS operates skilled nursing and assisted living facilities through its main operating subsidiary, Providence Administrative Consulting Services. Skilled nursing care, such as in PACS facilities, is typically covered by Medicare Part A if the patient first spent three days in a hospital.

The complaint alleges that, in the Registration Statement and throughout the Class Period, Defendants made materially false and/or misleading statements, as well as failed to disclose material adverse facts about the company’s business, operations, and prospects. Specifically, Defendants failed to disclose that: (1) PACS engaged in a scheme to submit false Medicare claims which drove more than 100% of PACS operating and net income from 2020 to 2023; (2) the company engaged in a “scheme” to bill thousands of unnecessary respiratory and sensory integration therapies to Medicare; (3) PACS engaged in a scheme to falsify documentation related to licensure and staffing; and (4) 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 at all relevant times.

Current Status of Case:
On February 17, 2026, Defendants filed a Motion to Dismiss the Amended Complaint. This action is ongoing.

If you wish to discuss this action or have any questions, please contact Kessler Topaz Meltzer & Check, LLP: Jon Naji, Esq. (484) 270-1453; toll-free at (844) 887-9500; or via e-mail at [email protected]. If you would like additional information about the suit, please click on the link “Submit Your Information” above and fill out the form as promptly as possible.