| 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.