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Performant Healthcare, Inc. Investors: Company Investigated by the Portnoy Law Firm

1. Portnoy Law Firm initiates investigation into PHLT for potential securities fraud. 2. Investors may file a class action regarding merger with Machinify. 3. Concerns raised over merger's fairness at $7.75 per share. 4. Allegations of fiduciary duty breaches by Performant's Board of Directors. 5. Law firm offers free consultations for impacted investors.

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FAQ

Why Very Bearish?

The investigation into potential fraud and class action could damage investor confidence. Historical examples show shares often decline when investigations are announced, as seen with similar cases.

How important is it?

Investors may fear financial repercussions from the investigation, impacting stock price directly. High-profile class actions have historically influenced stock valuations significantly.

Why Short Term?

The immediate concern revolves around the investigation's outcome, likely causing volatility. This can be seen in past cases where legal scrutiny leads to short-term drops.

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MCHN
Investors can contact the law firm at no cost to learn more about recovering their losses LOS ANGELES, Aug. 14, 2025 (GLOBE NEWSWIRE) -- The Portnoy Law Firm advises Performant Healthcare, Inc. (“Performant Healthcare” or “the Company”) (NASDAQ: PHLT) investors that the firm has initiated an investigation into possible securities fraud and may file a class action on behalf of investors. Performant Healthcare investors that lost money on their investment are encouraged to contact Lesley Portnoy, Esq. Investors are encouraged to contact attorney Lesley F. Portnoy, by phone 310-692-8883 or email: info@portnoylaw.com, to discuss their legal rights, or click here to join the case. The Portnoy Law Firm can provide a complimentary case evaluation and discuss investors’ options for pursuing claims to recover their losses. The investigation is focused on whether the sale of Performant Healthcare, Inc. (NASDAQ: PHLT) to Machinify for $7.75 per share in cash is fair to Performant shareholders. The inquiry concerns whether Performant and its Board of Directors violated federal securities laws and/or breached their fiduciary duties to shareholders by failing to, among other things, obtain the best possible consideration for shareholders, determine whether Machinify is underpaying for Performant, and disclose all material information necessary for shareholders to adequately evaluate and value the merger consideration. Please visit our website to review more information and submit your transaction information. The Portnoy Law Firm represents investors in pursuing claims against caused by corporate wrongdoing. The Firm’s founding partner has recovered over $5.5 billion for aggrieved investors. Attorney advertising. Prior results do not guarantee similar outcomes. Lesley F. Portnoy, Esq.Admitted CA, NY and TX Barslesley@portnoylaw.com310-692-8883www.portnoylaw.com Attorney Advertising

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