An investigation for investors in U.S. Physical Therapy, Inc. (NYSE:USPH) shares over potential securities laws violations by U.S. Physical Therapy, Inc. was announced and NYSE:USPH stockholders should contact the Shareholders Foundation.
San Diego, CA -- (SBWIRE) -- 03/21/2017 -- U.S. Physical Therapy, Inc is under investigation over potential securities laws violations. The investigation was announced for investors in NYSE:USPH shares in connection certain financial made by U.S. Physical Therapy, Inc.
Investors who purchased shares of U.S. Physical Therapy, Inc. (NYSE:USPH), have certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call 858-779-1554.
The investigation by a law firm focuses on possible claims on behalf of purchasers of the securities of U.S. Physical Therapy, Inc. (NYSE:USPH) concerning whether a series of statements by U.S. Physical Therapy, Inc. regarding its business, its prospects and its operations were materially false and misleading at the time they were made.
Houston, TX based U U.S. Physical Therapy, Inc., through its subsidiaries, operates outpatient physical therapy clinics that provide pre-and post-operative care, and treatment for orthopedic-related disorders, sports-related injuries, preventative care, rehabilitation of injured workers and neurological-related injuries.
On March 16, 2017, U.S. Physical Therapy, Inc. disclosed that the Company had incorrectly accounted for redeemable non-controlling interests of acquired partnerships. U.S. Physical Therapy, Inc. stated that as a result of the errors, the Company would report a material weakness in its internal controls over financial reporting, and restate previously issued financial statements. Specifically, U.S. Physical Therapy, Inc. stated that its 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. Shares of U.S. Physical Therapy, Inc. (NYSE:USPH) declined on March 16, 2017 to as low as $66.00 per share.
On March 20, 2017, NYSE:USPH shares closed at $67.90 per share.
Those who purchased shares of U.S. Physical Therapy, Inc have certain options and should contact the Shareholders Foundation.
Contact:
Shareholders Foundation, Inc.
Michael Daniels
3111 Camino Del Rio North - Suite 423
92108 San Diego
Phone: +1-(858)-779-1554
Fax: +1-(858)-605-5739
mail@shareholdersfoundation.com