Faruqi and Faruqui, LLP Logo
Share this page

U.S. Physical Therapy, Inc. (USPH)

NYSE:USPH

Summary

Faruqi & Faruqi, LLP Encourages Investors Who Suffered Losses Investing In U.S. Physical Therapy, Inc. To Contact The Firm

Faruqi & Faruqi, LLP, a leading national securities law firm, reminds investors in U.S. Physical Therapy, Inc. (“U.S. Physical” or the “Company”) (NYSE:USPH) of the May 30, 2017 deadline to seek the role of lead plaintiff in a federal securities class action lawsuit filed against the Company and certain officers.

The lawsuit has been filed in the U.S. District Court for the Southern District of New York on behalf of all those who purchased U.S. Physical stock or options between May 8, 2014 and March 16, 2017 (the “Class Period”).  The case, Culhane v. U.S. Physical Therapy, Inc. et al, No. 17-cv-02347 was filed on March 31, 2017.

The lawsuit focuses on whether the Company and its executives violated federal securities laws by failing to maintain appropriate accounting methods and internal controls over financial reporting.

Specifically, on March 16, 2017, USPH disclosed that the Company had incorrectly accounted for redeemable non-controlling interests of acquired partnerships.  The Company stated that, as a result of accounting errors, the Company would report a material weakness in its internal controls over financial reporting and restate previously-issued financial statements; and that consolidated reports for the years ended December 31, 2015 and 2014, and all quarters within 2014 and 2015, and the first three quarters of 2016 should no longer be relied upon.

After the announcement, U.S. Physical’s share price fell from $73.75 per share on March 15, 2017 to a closing price of $69.90 on March 16, 2017—a $3.85 or a 5.22% drop.

Request more information now by clicking here: www.faruqilaw.com/USPH. There is no cost or obligation to you.

Take Action

If you invested in USPH stock or options would like to discuss your legal rights, please fill out the form below.  You can also contact us by calling Richard Gonnello toll free at 877-247-4292 or at 212-983-9330 or by sending an e-mail to rgonnello@faruqilaw.com.  Faruqi & Faruqi, LLP also encourages anyone with information regarding USPH’s conduct to contact the firm, including whistleblowers, former employees, shareholders and others.

Request Information

Please tell us about yourself by completing the form and we will provide you with additional
information on how to join the Class Action at no cost to you.

  • Case:
    U.S. Physical Therapy, Inc. (USPH)
  •    

* The submission of this form does not create an attorney-client relationship.

Contact Counsel

Richard W. Gonnello
Faruqi & Faruqi, LLP
685 Third Avenue 26th Floor
New York, NY 10017
Tel: (212) 983-9330

Email:

Case Details

Date:

  • 03/16/2017

Send Information

If you have information regarding this case that you would like to make available, please click here to contact us about our investigation.