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Doximity, Inc. Long-Term Shareholder Announcement: Johnson Fistel Encourages Investors to Reach Out For More Information About Continuing Investigation

1. Johnson Fistel is investigating potential legal claims for DOCS shareholders. 2. Court denies motion to dismiss securities fraud class action against Doximity. 3. Plaintiffs allege misleading statements about active physician user engagement. 4. Concerns arise over competition and macroeconomic challenges affecting growth. 5. Shareholders may have rights to participate in the legal action.

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FAQ

Why Bearish?

The ongoing investigation and fraud allegations could lead to investor distrust. Past instances, such as with Enron, demonstrate severe stock price declines following similar revelations.

How important is it?

The reported legal troubles can significantly impact stock price due to perceived risks.

Why Short Term?

Legal proceedings could affect investor sentiment quickly; however, long-term effects depend on company response and mitigation efforts.

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AMCDOCS
SAN DIEGO, May 21, 2025 (GLOBE NEWSWIRE) -- Johnson Fistel, PLLP is investigating potential legal claims on behalf of Doximity, Inc. (NYSE: DOCS) shareholders, concerning alleged misconduct by certain officers and directors that may have harmed the company and its investors.  Investors who have continuously held Doximity shares since before June 24, 2021, may have legal rights and are encouraged to contact the firm to learn more: https://www.johnsonfistel.com/investigations/doximity-inc-2 On May 13, 2025, the Court overseeing the securities fraud class action against Doximity denied the defendants’ motion to dismiss. The Court found that the plaintiff had sufficiently alleged that, throughout the Class Period, the defendants made materially false and/or misleading statements and failed to disclose material adverse facts about the Company’s business and operations. In particular, the Court found that plaintiffs plausibly alleged that Doximity misrepresented the number of active physician users on its platform and falsely claimed increasing user engagement, despite internal data and survey evidence suggesting otherwise. The complaint also alleges that defendants touted Doximity’s growth prospects and revenue sustainability, while downplaying challenges such as increased competition, tightening macroeconomic conditions, and the Company’s reliance on “upselling” advertising and services to existing clients. If you would like to know more about your rights as a shareholder or how you can participate in holding the officers and directors responsible for the damage that they allegedly caused the company to suffer, please contact Johnson Fistel at (619) 814-4471. About Johnson Fistel, PLLP | Top Law Firm, Securities Fraud, Investors Rights:Johnson Fistel, PLLP is a nationally recognized shareholder rights law firm with offices in California, New York, Georgia, and Colorado. The firm represents individual and institutional investors in shareholder derivative and securities class action lawsuits. We also extend our services to foreign investors who have purchased on US exchanges. Stay updated with news on stock drops and learn how Johnson Fistel, PLLP can help you recover your losses. For more information about the firm and its attorneys, please visit http://www.johnsonfistel.com. Achievements: In 2024, Johnson Fistel was honored to be ranked in the Top 10 Plaintiff Law Firms by the ISS Securities Class Action Services. This recognition underscores our effectiveness in advocating for investors, having recovered approximately $90,725,000 for aggrieved clients in cases where we served as lead or co-lead counsel. This notable accomplishment marks the eighth occasion our firm has been recognized as a top plaintiffs’ securities law firm in the United States, as determined by the total dollar value of final recoveries. Attorney advertising.Past results do not guarantee future outcomes.Services may be performed by attorneys in any of our offices.Johnson Fistel, PLLP has paid for the dissemination of this promotional communication, and Frank J. Johnson is the attorney responsible for its content. Contact: Johnson Fistel, PLLP501 W. Broadway, Suite 800, San Diego, CA 92101James Baker, Investor Relations or Frank J. Johnson, Esq., (619) 814-4471jimb@johnsonfistel.com or fjohnson@johnsonfistel.com

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