Class Action Lawsuit Filed Against DocGo, Inc. Over Alleged Misleading Statements

The lawsuit claims inadequate executive hiring processes and overstated efficacy of services, leading to significant stock price drops and triggering a real-time audit by NYC Comptroller.

• DocGo, Inc. is facing a class action lawsuit for allegedly making false and misleading statements to investors.
• The lawsuit alleges that DocGo's executive hiring processes were inadequate, increasing the likelihood of disruptive executive turnover.
• DocGo is accused of overstating the efficacy of its mobile health and medical transportation services.
• Following the publication of a New York Times article and the announcement of the resignation of DocGo's CEO, the price of DocGo stock fell significantly.
• New York City Comptroller Brad Lander has announced a real-time audit of operations and invoices incurred by DocGo in connection with its Relocation Contract.

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