LOS ANGELES--(BUSINESS WIRE)--Glancy Prongay & Murray LLP (“GPM”) is investigating potential claims on behalf of investors of U.S. Physical Therapy, Inc. (“USPH” or the “Company”) (NYSE: USPH) concerning the Company and its officers’ possible violations of federal securities laws.
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 the errors, the Company would report a material weakness in its internal controls over financial reporting, and restate previously issued financial statements. Specifically, the Company 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.
On this news, shares of USPH fell more than 7%, thereby injuring investors.
If you purchased USPH securities, have information or would like to learn more about these claims, or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Lesley Portnoy, Esquire, of GPM, 1925 Century Park East, Suite 2100, Los Angeles, California 90067 at 310-201-9150, Toll-Free at 888-773-9224, by email to email@example.com, or visit our website at http://www.glancylaw.com. If you inquire by email please include your mailing address, telephone number and number of shares purchased.
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