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Doximity, Inc. (NYSE: DOCS) Securities Fraud Class Action

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COMPANY       Doximity, Inc. 
COURT United States District Court for the Northern District of California
CASE NUMBER 4:24-cv-02281-JST
JUDGE The Hon. Eumi K. Lee
CLASS PERIOD  February 9, 2022 through April 1, 2024
SECURITY TYPE  Common Stock

Case Background:

This is a class action lawsuit on behalf of those who purchased or acquired Doximity, Inc. (“Doximity”) (NYSE: DOCS) common stock between February 9, 2022 and April 1, 2024, both dates inclusive (the “Class Period”). 

The Complaint alleges that, throughout the Class Period, Defendants made materially false and/or misleading statements, as well as failed to disclose material adverse facts, about the Company’s business and operations. Specifically, Defendants repeatedly touted the Company’s business prospects and the sustainability of the Company’s revenue growth and profitability, while downplaying the impact of competition and tightening macroeconomic conditions on the Company and Doximity’s reliance on “upselling” products and services (such as additional advertising) to existing customers to sustain the Company’s performance and future growth. 

Current Status of Case:

On October 4, 2024, Lead Plaintiff filed the Consolidated Class Action Complaint. Defendants filed a Motion to Dismiss the Consolidated Class Action Complaint on December 3, 2024.  The action is ongoing. 

If you wish to discuss this action or have any questions concerning this notice or your rights or interests with respect to these matters, please contact Kessler Topaz Meltzer & Check, LLP: Jon Naji, Esq. (484) 270-1453; toll-free at (844) 887-9500; or via e-mail at info@ktmc.com. If you would like additional information about the suit, please click on the link "Submit Your Information" above and fill out the form as promptly as possible.

Complete this form with your transactions in Doximity, Inc. securities between February 9, 2022 and April 1, 2024. 

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SUBMIT YOUR INFORMATION
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Date
# of Shares
Price per Share
Date
Principal Amount
Amount Paid
Series or CUSIP
Date
# of Contracts
Price per Contract
Exercise Price
Expiration Date
Did you purchase shares of Doximity, Inc. prior to the Class Period?
Are you a current or former employee of Doximity, Inc.?
The submission of this form does not create an attorney-client relationship, nor an obligation on the part of Kessler Topaz or you to file a lead plaintiff motion in this matter. Any information you submit will be maintained as confidential. If Kessler Topaz, in its sole discretion, believes that you might be an appropriate lead plaintiff candidate, Kessler Topaz will contact you to discuss the matter and whether to establish an attorney client relationship. By signing this form you are authorizing us to contact you regarding this case and/or future cases.
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