Doximity, Inc. Long-Term Shareholder Announcement: Johnson Fistel Encourages Investors to Reach Out For More Information About Continuing Investigation
Johnson Fistel, PLLP is investigating potential claims on behalf of Doximity, Inc. (NYSE: DOCS) against certain of its officers and directors to hold them responsible for damages they allegedly caused the company to suffer.
If you have continuously owned Doximity shares since before June 24, 2021, you have certain legal rights as a shareholder. If you want to learn more, please read below or submit your information at:
The Complaint alleges that, throughout the Class Period, Defendants made materially false and/or misleading statements, as well as failed to disclose material adverse facts, about the Company’s business and operations. Specifically, the Complaint alleges Defendants repeatedly touted the Company’s business prospects and the sustainability of the Company’s revenue growth and profitability, while downplaying the impact of competition and tightening macroeconomic conditions on the Company and Doximity’s reliance on “upselling” products and services (such as additional advertising) to existing customers to sustain the Company’s performance and future growth.
On July 3, 2024, the Court issued an Order appointing Lead Plaintiff and Counsel. Lead Plaintiff filed a consolidated Complaint on October 4. Defendants filed a Motion to Dismiss the consolidated Complaint on December 3.
If you would like to know more about your rights as a shareholder or how you can participate in holding the officers and directors responsible for the damage that they allegedly caused the company to suffer, please contact Johnson Fistel at (619) 814-4471.
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