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DOCGO INVESTIGATION CONTINUED BY FORMER LOUISIANA ATTORNEY GENERAL: Kahn Swick & Foti, LLC Continues to Investigate the Officers and Directors of DocGo Inc. - DCGO

1. DocGo is under investigation for alleged misrepresentations. 2. CEO resigned after claims about educational fabrications surfaced. 3. Securities class action lawsuit filed against DocGo's executives. 4. Court allowed lawsuit to proceed by denying motion to dismiss. 5. Investigation focuses on potential breaches of fiduciary duties.

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FAQ

Why Very Bearish?

The ongoing investigation and lawsuit could lead to significant legal issues and financial liabilities, impacting investor trust and stock price. Historical cases show that similar situations often lead to notable stock declines, such as in the cases of companies like Theranos or Enron when faced with legal troubles related to misrepresentation.

How important is it?

The severity of the allegations and the ongoing litigation process indicate a strong potential impact on DCGO's valuation and investor confidence. Legal challenges can often deter potential investors and lead to stock sell-offs, affecting overall market performance for the company.

Why Short Term?

The immediate effects will likely manifest as the legal situation unfolds and market reactions occur in real-time. Events in such cases typically lead to rapid changes in stock valuation following announcements or court decisions.

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KFSPFEMRNA
, /PRNewswire/ -- Former Attorney General of Louisiana, Charles C. Foti, Jr., Esq., a partner at the law firm of Kahn Swick & Foti, LLC ("KSF"), announces that KSF continues its investigation into DocGo Inc. (NasdaqCM: DCGO). DocGo is a healthcare company that provides medical transportation and mobile health services in the United States and the United Kingdom. In September 2023, news media sources reported numerous alleged misrepresentations by the Company, including that its contract with U.S. Customs and Border Protection ("CBP") was worth far below the $4 billion touted by the Company and was in fact worth under $2 billion, and that the company's CEO had fabricated specific relevant elements of his educational background, which subsequently resulted in his resignation. Thereafter, the Company and certain of its executives were sued in a securities class action lawsuit, charging them with failing to disclose material information, violating federal securities laws. Recently, the court presiding over the case denied the Company's motion to dismiss the case in part, allowing the case to continue. KSF's investigation is focusing on whether DocGo's officers and/or directors breached their fiduciary duties to its shareholders or otherwise violated state or federal laws.  If you have information that would assist KSF in its investigation, or have been a long-term holder of DocGo shares and would like to discuss your legal rights, you may, without obligation or cost to you, call toll-free at 1-833-938-0905 or email KSF Managing Partner Lewis Kahn ([email protected]), or visit us at https://www.ksfcounsel.com/cases/nasdaqcm-dcgo/ to learn more. About Kahn Swick & Foti, LLC KSF, whose partners include former Louisiana Attorney General Charles C. Foti, Jr., is one of the nation's premier boutique securities litigation law firms. This past year, KSF was ranked by SCAS among the top 10 firms nationally based upon total settlement value. KSF serves a variety of clients, including public and private institutional investors, and retail investors - in seeking recoveries for investment losses emanating from corporate fraud or malfeasance by publicly traded companies. KSF has offices in New York, Delaware, California, Louisiana, Chicago, New Jersey, and a representative office in Luxembourg. To learn more about KSF, you may visit ksfcounsel.com. Contact: Kahn Swick & Foti, LLCLewis Kahn, Managing Partner[email protected]1-877-515-18501100 Poydras St., Suite 960New Orleans, LA 70163 SOURCE Kahn Swick & Foti, LLC WANT YOUR COMPANY'S NEWS FEATURED ON PRNEWSWIRE.COM? 440k+ Newsrooms & Influencers 9k+ Digital Media Outlets 270k+ Journalists Opted In

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