Doximity class action lawsuit: The ultimate guide for shareholder to the lead plaintiff process

Contact Doximity stock loss lawyer Timothy L. Miles today about a Doximity class action lawsuit

INTRODUCTION TO THE DOXIMITY CLASS ACTION LAWSUIT

Call Timothy L. Miles today for a free case evaluation about the Doximity class action lawsuit

The Doximity class action lawsuit seeks to represent purchasers or acquirers of Doximity, Inc. (NYSE: DOCS) publicly traded securities between February 9, 2022 and April 1, 2024, inclusive (the “Class Period”).  Captioned Kissler v. Doximity, Inc., No. 24-cv-02281 (N.D. Cal.), the Doximity lawsuit charges Doximity and certain of Doximity’s top executives with violations of the Securities Exchange Act of 1934.
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If you suffered losses in Doximity stock and wish to serve as lead plaintiff, or just have general questions about your rights as a shareholder, please contact Doximity Stock Loss Lawyer Timothy L. Miles, at no charge, by calling 855/846-6529 or via e-mail at [email protected] or by submitting a contact form. Lead plaintiff motions for the Doximity class action lawsuit must be filed with the court no later than June 17, 2024.

In this ultimate guide, we will discuss everything a Doximity shareholder needs to know about the lead plaintiff process in the Doximity class action lawsuit.

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what is THE LEAD PLAINTIFF DEADLINE IN THE DOXIMITY CLASS ACTION LAWSUIT?

Contact Doximity stock loss lawyer Timothy L. Miles about the Doximity class action lawsuit

​​When a securities class action is filed such as the Doximity class action lawsuit, the person who files the first complaint is required to publish a notice announcing the filing. Anyone who wants to be the lead plaintiff on behalf of the class must thereafter file a motion to be appointed as lead plaintiff(s) no later than 60 days after the notice was published. ​Lead plaintiff motions for the Doximity class action lawsuit must be filed with the court no later than June 11, 2024.

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what is THE LEAD PLAINTIFF PROCESS IN THE DOXIMITY CLASS ACTION LAWSUIT?

The PSLRA permits any investor who purchased and suffered losses in Doximity​ stock to seek appointment as lead plaintiff in the Doximity class action lawsuit. A lead plaintiff is generally the movant with the greatest financial interest in the relief sought by the putative class who is also typical and adequate of the putative class.  A lead plaintiff acts on behalf of all other class members in directing the class action lawsuit. The lead plaintiff can select a law firm of its choice to litigate the securities class action lawsuit.  An investor’s ability to share in any potential future recovery of the class action lawsuit is not dependent upon serving as lead plaintiff. 

what areTHE BENEFITS OF SERVING AS A LEAD PLAINTIFF IN THE DOXIMITY CLASS ACTION LAWSUIT?

1. ​Negotiating more competitive attorney fees and reducing litigation costs.
2. Managing the litigation by overseeing the progress of the case and reviewing important filings.
3. Participating in mediation and settlement discussions.
4. Having a voice in all negotiations related to any settlement.
5. No financial risk, as lead counsel covers all costs and expenses and are paid only if they secure a settlement or judgment recovery for the class
6. Potentially enjoying long-term benefits from governance reform resulting from the litigation.

what RESPONSIBILITIES will THE LEAD PLAINTIFF IN THE DOXIMITY CLASS ACTION LAWSUIT?

1. Selecting, monitoring, and overseeing Lead Counsel.
2. Reviewing and commenting on court filings on behalf of the class.
3. Discussing litigation strategies with the Lead Counsel.
4. Attending depositions (if necessary) and giving a deposition.
5. Attending hearings (if necessary).
6. Participating in mediation and the trial (if necessary).
7. Provide input on any decision concerning the settlement of the securities class action.

FREQUENTLY ASK QUESTIONS

Can a non-us investor serve as a lead plaintiff in the Doximity class action lawsuit?

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Yes, courts in the U.S. have consistently recognized that non-U.S. investors, many of whom have substantial holdings, are adequate lead plaintiffs and have the same right to move for lead plaintiffs as U.S. investors.  Thus, if a non-U.S. investor suffered losses in Doximity​​​stock, they may move the Court to be appointed lead plaintiff in the class action against Doximity​​. 

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Can I serve as a lead plaintiff in the class action against Doximity if I purchases shares outside of the class period?

No.  Even if you suffered losses in Doximity​​​ stock, if you purchased securities outside of the Class period, you will not be able to participate in the Doximity lawsuit.

Will the lead plaintiff get more money if the Doximity class action lawsuit settles than class members?

No, but they may be entitled to recover their reasonable expenses incurred with are directly related to representing the class. Under the PSLAR, a Lead Plaintiff is only entitled to his or her pro rata share of any recovery and does not receive any additional money for serving as a representative party on behalf of the class.  However, a court, in its discretion, may approve an award of “reasonable costs and expenses (including lost wages)” to a Lead Plaintiff that directly relates to the representation of the class in the Doximity class action lawsuit.

Can I serve as a lead plaintiff in the class action against Doximity if I am serving as lead plaintiff in another securities fraud case?

​​Yes, unless you have been a lead plaintiff in more than five securities class actions during any three-year period which is expressly prohibited by the securities laws. Otherwise, if you suffered losses in Doximity stock, you may move to be appointed lead plaintiff.

Can the court appoint more than one lead plaintiff in the Doximity lawsuit?

​​Yes, at its discretion the Court may appoint a person, entity, or group of persons and/or entities as Lead Plaintiffs in the Doximity class action lawsuit.

Can I serve as lead plaintiff in the Doximity class action lawsuit if I sold my shares?

​​Yes. There is no requirement for you to retain ownership of the stock after the class period has expired to participate in the Doximity lawsuit.

How do I know if I am a member of the class in the class action against Doximity?

​​If you purchased shares during the class period and suffered losses in Doximity stock, then you are most likely a member of the class in the Doximity lawsuit and may participate in the Doximity lawsuit since you suffered losses in Doximity​​ stock.

If I am a member of the class, how much does it cost to hire an Doximity stock loss lawyer?

​​If you suffered losses in Doximity​ and are a member of the class, it does not cost anything to hire a Doximity stock loss lawyer.  Our firm litigates securities fraud cases on a contingent fee basis, so plaintiffs and the class do not pay attorneys’ fees or court costs unless there is a recovery, and the attorney fees and costs are awarded by the court as a percentage of the total recovery for the class.  

CONTACT A DOXIMITY STOCK LOSS LAWYER TODAY ABOUT A DOXIMITY CLASS ACTIONN LAWSUIT

If you suffered losses in Doximity stock, contact Doximity​ stock loss lawyer Timothy L. Miles today for a free case evaluation about a Doximity class action lawsuit. Call today and see what a Doximity stock loss lawyer could do for you if you suffered losses in Perion Network ​stock. ​This will most likely be the only call you need to make. (855) 846–6529 or [email protected]. ​

​The Law Offices of Timothy L. Miles
Tapestry at Brentwood Town Center
​300 Centerview Dr., #247
Brentwood, TN 37027
Phone: (855) 846–6529
​​Email: [email protected]

Doximity​ stock loss lawyer Timothy L. Miles

Nashville attorney Timothy L. Miles is a nationally recognized shareholder rights attorney raised in Nashville, Tennessee. Mr. Miles has dedicated his career to representing shareholders, employees, and consumers in complex class-action litigation. Whether serving as lead, co-lead, or liaison counsel, Mr. Miles has helped recover hundreds of millions of dollars for defrauded investors,  shaped precedent-setting decisions, and delivered real corporate governance reforms. Judges and peers have repeatedly recognized Mr. Miles’ relentless advocacy for the underdog, as well as his unbendable ethical standards. Mr. Miles was recently selected by Martindale-Hubbell® and ALM as a 2022 Top Ranked Lawyer, 2022 Top Rated Litigator. and a 2022 Elite Lawyer of the South. Mr. Miles also maintains the AV Preeminent Rating by Martindale-Hubbell®, their highest rating for both legal ability and ethics. Mr. Miles is a member of the prestigious Top 100 Civil Plaintiff Trial Lawyers: The National Trial Lawyers Association,​Class Action:  Class Action: Top National Trial Lawyers, National Trial Lawyers Association (2023), a superb rated attorney by Avvo, a recipient of the Lifetime Achievement Award by Premier Lawyers of America (2019) and recognized as a Distinguished Lawyer, Recognizing Excellence in Securities Law, by Lawyers of Distinction (2019); a Top Rated Litigator by Martindale-Hubbell® and ALM  (2019-2022); America’s Most Honored Lawyers 2020 – Top 1% by America’s Most Honored (2020-2022).  Mr. Miles has published over sixty articles on various issues of the law, including class actions, whistleblower cases, products liability, civil procedure, derivative actions, corporate takeover litigation, corporate formation, mass torts, dangerous drugs, and more.  Please visit our website or call for free anytime.

CONTACT                                                      
The Law Offices of Timothy L. Miles
Tapestry at Brentwood Town Center
​300 Centerview Dr., #247
Brentwood, TN 37027
​​Phone: (855) 846-6529
​Email: [email protected]
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