BOSTON, March 17, 2017 /PRNewswire/ -- Block & Leviton
LLP (www.blockesq.com), a securities litigation firm representing investors
nationwide, is investigating whether U.S. Physical Therapy, Inc. ("USPH" or the "Company") (NYSE: USPH) and certain of its
officers and directors violated federal securities laws following the Company's announcement that it will restate nearly three
years of its financial statements.
On March 16, 2017, USPH disclosed that it had incorrectly accounted for "redeemable
non-controlling interests of acquired partnerships," which will require it to report a "material weakness in its internal
controls over financial reporting." The Company also disclosed that, as a result, its 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" will be restated and "should no longer be relied upon."
On this news, USPH shares fell more than 5% on March 16, 2017, and another 2.5% today, causing
tens of millions in losses to investors.
If you purchased or otherwise acquired USPH securities and have questions about your legal rights or possess information
relevant to this investigation, please contact attorney Bradley Vettraino at (617) 398-5600, by
email at bradley@blockesq.com, or by visiting www.blockesq.com/usph.
Confidentiality to whistleblowers or others with information relevant to this investigation is assured.
Block & Leviton LLP is a Boston-based law firm representing investors nationwide. The
firm's lawyers have collectively been prosecuting securities cases on behalf of individual and institutional investors for over
50 years, and have recovered billions of dollars on their behalf. Block & Leviton's investigations into corporate wrongdoing
were recently covered by the New York Times.
This notice may constitute attorney advertising.
CONTACT:
Block & Leviton LLP
Bradley J. Vettraino
155 Federal Street, Suite 400
Boston, MA 02110
(617) 398-5600
bradley@blockesq.com
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SOURCE Block & Leviton LLP