NEW YORK--(BUSINESS WIRE)--The law firm of Kirby McInerney LLP is investigating potential claims against ATI Physical Therapy, Inc. (“ATI” or the “Company”) (NYSE: ATIP). The investigation concerns whether ATI has violated the federal securities laws and/or engaged in other unlawful business practices.
On June 16, 2021, ATI completed its business combination with Fortress Value Acquisition Corp. II (“FVAC II”), a special purpose acquisition company.
On July 26, 2021, ATI reported its financial results for the second quarter of 2021. The Company reduced its fiscal 2021 guidance due to “the acceleration of attrition among [its] therapists in the second quarter and continuing into the third quarter.” On this news, the Company’s share price declined by $3.62 per share, or approximately 43.4%, from $8.34 per share to close at $4.72 per share on July 26, 2021.
If you purchased or otherwise acquired ATI securities, have information, or would like to learn more about these claims, please contact Thomas W. Elrod of Kirby McInerney LLP at 212-371-6600, by email at firstname.lastname@example.org, or by filling out this contact form, to discuss your rights or interests with respect to these matters without any cost to you.
Kirby McInerney LLP is a New York-based plaintiffs’ law firm concentrating in securities, antitrust, whistleblower, and consumer litigation. The firm’s efforts on behalf of shareholders in securities litigation have resulted in recoveries totaling billions of dollars. Additional information about the firm can be found at Kirby McInerney LLP’s website: http://www.kmllp.com.
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