Bragar Eagel & Squire, P.C., a nationally recognized stockholder rights law firm, is investigating potential claims against DocGo, Inc. (“DocGo” or the “Company”) (NASDAQ: DCGO) on behalf of DocGo stockholders. Our investigation concerns whether DocGo has violated the federal securities laws and/or engaged in other unlawful business practices.
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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 New York Times article reported that asylum-seekers have 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. Specifically, the article stated 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[.]" DocGo's $432 million contract nearly matches the Company's total 2022 revenue of roughly $441 million.
Following publication of the New York Times article, DocGo's stock price fell $0.53 per share, or 6.29%, to close at $7.89 per share on July 31, 2023.
Then, on September 14, 2023, the Albany Times Union published an article reporting that DocGo's Chief Executive Officer ("CEO") Anthony Capone had falsified portions of his professional biography regarding his educational history. On the following day, September 15, 2023, DocGo disclosed Capone's resignation as CEO in a filing with the U.S. Securities and Exchange Commission.
On this news, DocGo's stock price fell $0.76 per share, or 11.76%, to close at $5.70 per share on September 15, 2023.
If you purchased or otherwise acquired DocGo shares and suffered a loss, are a long-term stockholder, have information, would like to learn more about these claims, or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Brandon Walker or Marion Passmore by email at investigations@bespc.com, by telephone at (212) 355-4648, or by filling out this contact form. There is no cost or obligation to you.
About Bragar Eagel & Squire, P.C.:
Bragar Eagel & Squire, P.C. is a nationally recognized law firm with offices in New York and California. The firm represents individual and institutional investors in commercial, securities, derivative, and other complex litigation in state and federal courts across the country. For more information about the firm, please visit www.bespc.com. Attorney advertising. Prior results do not guarantee similar outcomes.
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Contacts
Bragar Eagel & Squire, P.C.
Brandon Walker, Esq.
Marion Passmore, Esq.
(212) 355-4648
investigations@bespc.com
www.bespc.com
