DCGO Shareholder Update: Johnson Fistel Encourages DocGo Investors to Seek Counsel Before Lead Plaintiff Class Action Deadline
Johnson Fistel, LLP notifies investors of DocGo, Inc. (“DocGo” or the “Company”) (NASDAQ: DCGO) a securities class action lawsuit has been filed. The lawsuit seeks to recover losses on behalf of investors who acquired securities between November 8, 2022 and September 17, 2023. Investors have until December 26, 2023, to apply to the Court to be appointed as lead plaintiff in the lawsuit.
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Complaint Allegations: The lawsuit alleges DocGo made false or misleading statements and/or omitted material adverse information regarding the Company’s business, operations, and prospects, including: (i) DocGo’s executive hiring processes were inadequate to fully review and vet the professional and academic backgrounds of job candidates; (ii) the foregoing increased the likelihood of disruptive executive turnover; (iii) contrary to its representations to investors, DocGo had overstated the efficacy of its mobile health and medical transportation services; and (iv) all of the foregoing, once revealed, was likely to subject DocGo to significant reputational and/or regulatory scrutiny that would negatively impact the Company’s financial position and/or prospects.
What can Investors Do: Shareholders who incurred losses during the class period, have until December 26, 2023, to move the court to become a lead plaintiff in this action.A lead plaintiff will act 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 class-action lawsuit. An investor’s ability to share any potential future recovery of the class action lawsuit is not dependent upon serving as lead plaintiff.
About Johnson Fistel, LLP:
Johnson Fistel, LLP is a nationally recognized shareholder rights law firm with offices in California, New York, Georgia, and Colorado. The firm represents individual and institutional investors in shareholder derivative and securities class action lawsuits. For more information about the firm and its attorneys, please visit http://www.johnsonfistel.com.
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