DCGO - Robbins LLP Reminds Investors of Pending Lead Plaintiff Deadling in DocGo Inc. (DCGO) Class Action | Benzinga

SAN DIEGO, Dec. 04, 2023 (GLOBE NEWSWIRE) -- Robbins LLP reminds investors that a shareholder filed a class action lawsuit on behalf of persons and entities that purchased or otherwise acquired DocGo Inc. (NASDAQ:DCGO) securities between November 8, 2022 and September 17, 2023. DocGo offers mobile health and medical transportation services for various health care providers in the U.S. and the United Kingdom.

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What is this Case About: DocGo Inc. (DCGO) Misled Investors Regarding the Efficacy of its Mobile Health and Medical Transportation Services   

According to the complaint, in spring 2023, New York City Mayor Eric Adams awarded DocGo a no-bid $432 million contract to oversee the city's relocation of migrants outside of New York City's five boroughs (the "Relocation Contract"). The contract required DocGo to house migrants and provide them with services including case management, medical care, food, transportation, lodging, and round-the-clock security. DocGo's $432 million contract nearly matches the Company's total 2022 revenue of roughly $441 million.

The complaint alleges that beginning in July 2023, media began expressing concerns of ...

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