An investigation on behalf of investors of U.S. Physical Therapy, Inc. (NYSE:USPH) shares was announced concerning possible violations of securities laws violations by U.S. Physical Therapy, Inc. and certain of its directors and officers.
Investors who purchased shares of U.S. Physical Therapy, Inc. (NYSE:USPH), have certain options and should contact the Shareholders Foundation at firstname.lastname@example.org or call +1(858) 779 – 1554.
The investigation by a law firm focuses on whether certain 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.
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.
Those who purchased NYSE:USPH shares have certain options and should contact the Shareholders Foundation.
Shareholders Foundation, Inc.
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