LEGAL GUIDES FOR INVESTORS
If you suffered losses in DocGo stock, contact DocGo stock loss lawyer Timothy L. Miles about a DocGo class action lawsuit
INTRODUCTION TO THE DOCGO CLASS ACTION LAWSUIT
The DocGo class action lawsuit seeks to represent purchasers or acquirers of DocGo Inc. (NASDAQ: DCGO) securities between November 8, 2022 and September 17, 2023, both dates inclusive (the “Class Period”). Captioned Naclerio v. DocGo Inc., No. 23-cv-09476 (S.D.N.Y.), the DocGo class action lawsuit charges DocGo and certain of its top current and former executive officers with violations of the Securities Exchange Act of 1934.
If you suffered losses in DocGo stock and wish to serve as lead plaintiff in the DocGo class action lawsuit, please contact DocGo Stock Loss Lawyer Timothy L. Miles by calling 855/846-6529 or via e-mail at [email protected] or by submitting a contact form. Lead plaintiff motions for the DocGo class action lawsuit must be filed with the court no later than December 26, 2023.
If you are an investor in DocGo, or even not, read on to learn about four things you need to be aware of regarding the DocGo class action lawsuit.
THE ALLEGATIONS IN THE DOCGO CLASS ACTION LAWSUIT
DocGo offers mobile health and medical transportation services for various health care providers in the United States and the United Kingdom. According to the complaint, in spring 2023, New York City awarded DocGo a no-bid $432 million contract (the “Relocation Contract”) that took effect in early May 2023.
The DocGo class action lawsuit alleges that defendants throughout the Class Period made false and/or misleading statements and/or failed to disclose that: (i) DocGo’s executive hiring processes were inadequate to fully review and vet the professional and academic backgrounds of job candidates; (ii) this increased the likelihood of disruptive executive turnover; (iii) contrary to DocGo’s representations to investors, DocGo had overstated the efficacy of its mobile health and medical transportation services; and (iv) all of the above, once revealed, was likely to subject DocGo to significant reputational and/or regulatory scrutiny that would negatively impact DocGo’s financial position and/or prospects. The DocGo class action lawsuit further alleges that on July 30, 2023, The New York Times, published an article reporting that “[l]ocal authorities have expressed frustration at the lack of coordination between DocGo and agencies that could provide services to the migrants; local security guards hired by DocGo have repeatedly threatened the migrants; and finding steady work has been nearly impossible.” The DocGo class action lawsuit alleges that following the publication of The New York Times article, the price of DocGo stock fell more than 6%.
The DocGo class action lawsuit also alleges that on September 6, 2023, New York City Comptroller Brad Lander announced that his office was declining to approve the Relocation Contract. According to the complaint, New York City Mayor Eric Adams had the authority to proceed with the Relocation Contract over Comptroller Lander’s objections and ultimately did so. The DocGo class action lawsuit alleges that on this news, the price of DocGo stock fell more than 7%.
The DocGo class action lawsuit further alleges that on September 14, 2023, the Albany Times Union published an article reporting that former DocGo CEO, defendant Anthony Capone, had falsified portions of his professional biography regarding his educational history. According to the complaint, on the following day, September 15, 2023, DocGo disclosed Capone’s resignation as CEO. The DocGo class action lawsuit alleges that on this news, the price of DocGo stock fell nearly 12%.
The DocGo class action lawsuit further alleges that on September 18, 2023, Comptroller Lander announced that his office was commencing a real-time audit of operations and invoices incurred by DocGo in connection with its Relocation Contract. Specifically, Comptroller Lander noted that his office has “serious concerns about the selection of this vendor and its performance in contract duties,” the complaint alleges. The DocGo class action lawsuit alleges that on this news, the price of DocGo stock fell more than 7%.
THE BENEFITS OF SERVING AS LEAD PLAINTIFF IN THE DOCGO CLASS ACTION LAWSUIT
Serving as a Lead Plaintiff in the DocGo class action lawsuit has several advantages and important benefits including:
Thus, there are numerous benefits and other advantages to serving as lead plaintiff in a class action against DocGo if you suffered losses in DocGo stock.
THE LEAD PLAINTIFFS WILL NOT GET MORE MONEY THAN CLASS MEMBERS IF THE DOCGO CLASS ACTION LAWSUIT SETTLES
No, but they may be entitled to recover their reasonable expenses incurred with are directly related to representing the class in the DocGo class action lawsuit. Under the Private Securities Litigation Reform Act of 1995, 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 DocGo class action lawsuit on behalf of investors who suffered losses in DocGo stock.
THE COURT MAY APPOINT MORE THAN ONE LEAD PLAINTIFF IN THE DOCGO CLASS ACTION LAWSUIT
At its discretion the Court may appoint a person, entity, or group of persons and/or entities as Lead Plaintiffs to oversee the DocGo class action lawsuit.
DocGo class action lawsuit
If you suffered losses in DocGo stock, contact DocGo stock loss lawyer Timothy L. Miles today for a free case evaluation about a DocGo class action lawsuit. Call today and see what a DocGo stock loss lawyer could do for you if you suffered losses in DocGo stock.
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 100 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 three hundred 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 Resources center and call for free anytime.
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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