NEW YORK, NY / ACCESSWIRE / March 24, 2017 / The Pawar Law Group announces it is investigating potential securities claims on behalf of shareholders of U.S. Physical Therapy, Inc. (NYSE: USPH) resulting from allegations that the Company may have issued materially misleading business information to the investing public.
On March 16, 2017, U.S. Physical Therapy disclosed that it had incorrectly accounted for redeemable non-controlling interests of acquired partnerships. As a result, U.S. Physical Therapy would report a material weakness in its internal controls over financial reporting, and restate previously issued financial statements. Specifically, U.S. Physical Therapy's consolidated financial statements 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. On this news, shares of U.S. Physical Therapy fell $3.85 per share or over 5% to close at $69.90 per share on March 16, 2017.
Our investigation concerns whether the Company issued false and misleading statements to investors causing investor losses. If you own USPH shares and wish to learn how to protect your investment and recover your losses in USPH stock, please visit http://pawarlawgroup.com/cases/u-s-physical-therapy-inc/ or contact Vik Pawar at 212-571-0805.
Contact:
Vik Pawar, Esq.
Pawar Law Group
20 Vesey Street, Suite 1210
New York, NY 10007
Tel: (212) 571-0805
Fax: (212) 571-0938
vik@pawarlawgroup.com
SOURCE: Pawar Law Group
ReleaseID: 458167
