U.S. Markets closed

U.S. Physical Therapy, Inc. Shareholder Alert: Former SEC Attorney Willie Briscoe Investigates Possible Breaches of Fiduciary Duty by Officers and Directors


Former United States Securities and Exchange Commission attorney Willie Briscoe, founder of The Briscoe Law Firm, PLLC, has launched an investigation of U.S. Physical Therapy, Inc. (“USPH” or “Company”) (USPH) and several officers and directors for possible violations of federal securities laws.

The firm is investigating potential legal claims against the officers and Board of Directors of USPH. If you are an affected USPH shareholder and want to learn more about the investigation, contact Willie Briscoe at The Briscoe Law Firm, PLLC via email at shareholders@thebriscoelawfirm.com, or call toll free at (888) 809-2750. There is no cost or fee to you.

The firm seeks to determine if the defendants violated certain provisions of the Securities Exchange Act of 1934 by failing to maintain appropriate accounting methods and internal controls over financial reporting. On March 16, 2017, USPH disclosed that it had incorrectly accounted for redeemable non-controlling interests of acquired partnerships. USPH stated that as a result of accounting errors, it would report a material weakness in its internal controls over financial reporting and restate previously-issued financial statements. USPH also stated that consolidated reports 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, USPH’s stock price has declined.

The Briscoe Law Firm, PLLC is a full service business litigation, commercial transaction, and public advocacy firm with more than 20 years of experience in complex litigation and transactional matters.

View source version on businesswire.com: http://www.businesswire.com/news/home/20170317005633/en/