BOSTON, April 18, 2024 (GLOBE NEWSWIRE) -- A class action lawsuit has been filed against Doximity, Inc. (NYSE: DOCS) for securities law violations. Investors who purchased shares and have lost money are encouraged to contact the firm to learn more about how they might recover those losses. For more details, visit https://www.blockleviton.com/cases/docs.
What is this all about?
On April 1, Jehoshaphat Research issued a report alleging issues at Doximity, Inc. Jehoshaphat “believe[s] Doximity’s underlying sales, contrary to the Street’s expectations for double-digit growth, are declining at a negative -3-6% rate, but that this decline has been masked through accelerated revenue recognition.” Shares of Doximity, Inc. dropped more than 4% in intraday trading on April 1, 2024.
Who is eligible?
Anyone who purchased Doximity, Inc. stock between February 9, 2022 and April 1, 2024, and has lost money may be eligible, whether or not they have sold their investment. Investors should contact Block & Leviton to learn more.
What should you do next?
The deadline to seek appointment as lead plaintiff is June 17, 2024. A class has not yet been certified, and until a certification occurs, you are not represented by an attorney. If you choose to take no action, you can remain an absent class member.
If you've lost money on your investment, you should contact Block & Leviton to learn more via our case website, by email at cases@blockleviton.com, or by phone at (617) 398-5600.
Why should you contact Block & Leviton?
Block & Leviton is widely regarded as one of the leading securities class action firms in the country. Our attorneys have recovered billions of dollars for defrauded investors and are dedicated to obtaining significant recoveries on behalf of our clients through active litigation in the federal courts across the country. Many of the nation's top institutional investors hire us to represent their interests. You can learn more about us at our website, www.blockleviton.com, or call (617) 398-5600 or email cases@blockleviton.com with any questions.
This notice may constitute attorney advertising.
CONTACT:
BLOCK & LEVITON LLP
260 Franklin St., Suite 1860
Boston, MA 02110
Phone: (617) 398-5600
Email: cases@blockleviton.com
SOURCE: Block & Leviton LLP
www.blockleviton.com
