NEW YORK, April 3, 2017 /PRNewswire/ -- Harwood Feffer
LLP (www.hfesq.com) is investigating potential claims against the
board of directors of U.S. Physical Therapy, Inc. ("U.S. Physical"
or the "Company") (NYSE: USPH) concerning whether the board has
breached its fiduciary duties to shareholders.
On March 31, 2017, the Company
announced that there would be further delay in the filing of the
Company's Form 10-K for the year ended December 31, 2016. Previously, on March 14, 2017, the Company disclosed that its
accounting for non-controllable interests of acquired partnerships
was incorrect and the error would result in the reporting of a
material weakness in internal controls over financial reporting. In
addition, the Company disclosed that the previously announced
financial statements for the years ended December 31, 2014 and 2015 and the first three
quarters of 2016 should no longer be relied upon.
Our investigation concerns whether the Company's board of
directors has breached its fiduciary duties to shareholders,
grossly mismanaged the Company, and/or committed abuses of control
in connection with the foregoing.
If you own U.S. Physical shares and wish to discuss this matter
with us, or have any questions concerning your rights and interests
with regard to this matter, please contact:
Robert I. Harwood,
Esq.
Daniella Quitt, Esq.
Harwood Feffer LLP
488 Madison Avenue
New York, New York 10022
Phone Numbers: (877) 935-7400
(212) 935-7400
Email: rharwood@,hfesq.com
Website: http://www.hfesq.com
Follow us on Twitter: @HarwoodFeffer
Harwood Feffer has been
representing individual and institutional investors for many years,
serving as lead counsel in numerous cases in federal and state
courts. Please visit the Harwood Feffer LLP website
(http://www.hfesq.com) for more information about the firm.
The law firm responsible for this advertisement is Harwood
Feffer LLP (www.hfesq.com). Prior results do not guarantee or
predict a similar outcome with respect to any future matter.
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SOURCE Harwood Feffer LLP