Unite with Fellow Investors
Choose the Best Attorney
Follow Case Progress
id: 859, Created by Stan Vick, Scout
DocGo (DCGO) Investor Lawsuit Follow Recent Setbacks
What do I get by joining?
- You will get case updates and receive a payout in case of success
- If you would like to actively participate, you will be connected to the attorney
- No, you do not pay anything out of your pocket neither to us nor to attorney
S.D. New YorkCourt
- In September 2023, DocGo's CEO, Anthony Capone, faced allegations of falsifying his professional biography, leading to his resignation. Earlier, in July 2023, NYT reported challenges in DocGo's migrant relocation efforts.
- This news resulted in $DCGO losing its shareholder value. The first investor has claimed compensation in a NY court, accusing DocGo of inadequate executive hiring processes, overstating service efficacy, and misrepresenting financial prospects.
On September 14, 2023, the Albany Times Union published an article reporting that DocGo’s CEO Anthony Capone falsified portions of his professional biography regarding his educational history. On the following day, DocGo disclosed Capone’s resignation as CEO.
On this news, $DCGO fell 11.76%.
Earlier, on July 30, 2023, the New York Times published an article reporting on a “rocky” start to DocGo’s migrant relocation efforts in New York City.
- The article reported that asylum-seekers complained of threats and “broken promises” after New York City awarded DocGo a no-bid $432 million contract in May to move migrants outside the city.
- It stated that “local 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.”
- DocGo’s $432 million contract nearly matches the Company’s total 2022 revenue of roughly $441 million.
On this news, $DCGO fell 6.29%, damaging shareholders.
The first affected investor claimed compensation from DocGo and officers in a New York court over hiding the Company's executive hiring processes were inadequate, overstating the efficacy of its mobile health and medical transportation services and misrepresenting financial prospects.
Failure to Disclose,
Shock Event Date
17 September 2023
27 October 2023
Lead Plaintiff Deadline
26 December 2023