Thieler Law Corp, member of the Investor Attorney Network, is investigating whether certain officers and directors of U.S. Physical Therapy Inc (NYSE: USPH) violated securities laws in connection with certain financial statements.

The investigation seeks to discover if possible claims on behalf of purchasers of the securities of U.S. Physical Therapy Inc (NYSE: USPH) concerning whether a series of statements by U.S. Physical Therapy Inc regarding its business, its prospects and its operations were materially false and misleading at the time they were made.

On March 16, 2017, the Company revealed that it had discovered an accounting error. U.S. Physical Therapy stated that "it was determined that the Company's historical accounting for redeemable non-controlling interests of acquired partnerships was incorrect due to the fact that those partnership agreements contain a provision that makes the non-controlling interests mandatorily redeemable and, thus incorrectly classified." Additionally, the Company stated "management has concluded that this error will result in the reporting of a material weakness in internal controls over financial reporting as they relate to this issue and that, as a result, ineffective internal controls over financial reporting. The error will require the restatement of previously issued financial statements."

On this news, NYSE: USPH has fallen as much 10.51%, during intraday trading on March 16, 2017.

Based in Houston, Texas, and founded in 1990 U.S. Physical Therapy Inc through its subsidiaries, operates outpatient physical therapy clinics in the United States.

If you purchased shares of U.S. Physical Therapy Inc (NYSE: USPH) on or before March 16, 2017, you should contact Thieler Law Corp at mail@thielerlaw.com or call +1 (619) 377 - 4324.

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