Molina Healthcare (NYSE:MOH)
Historical Stock Chart
1 Month : From Jun 2018 to Jul 2018
Schall Law Firm, a national shareholder rights litigation firm,
announces that it is investigating claims on behalf of investors of
Molina Healthcare, Inc. (“Molina” or ''the Company'') (NYSE: MOH)
for violations of §§10(b) and 20(a) of the Securities Exchange Act of
1934 and Rule 10b-5 promulgated thereunder by the U.S. Securities and
The investigation focuses on determining if Molina made false and
misleading statements to the market throughout the class period. The
Company failed to disclose that its administrative systems and internal
infrastructure were not capable of handling its growth plans. It also
failed to mitigate infrastructure flaws that caused critical errors in
areas such as provider payments. As a result of these problems, Molina
reported an earnings miss for the quarter ending March 31, 2016, also
lowering its full-year 2016 guidance. Molina withdrew its 2017 earnings
projection on August 2, 2017, the same day it reported a $230 million
net loss for the quarter ending June 30, 2017. At the same time, the
Company announced it would exit the ACA Health Exchange Marketplace.
When the market learned the true details about Molina, investors
If you are a shareholder who suffered a loss, click
here to participate.
We also encourage you to contact Brian Schall, or Sherin Mahdavian, of
the Schall Law Firm, 1880 Century Park East, Suite 404, Los Angeles, CA
90067, at 424-303-1964, to discuss your rights free of charge. You can
also reach us through the firm's website at www.schallfirm.com,
or by email at email@example.com.
The class, in this case, has not yet been certified, and until
certification occurs, you are not represented by an attorney. If you
choose to take no action, you can remain an absent class member.
The Schall Law Firm represents investors around the world and
specializes in securities class action lawsuits and shareholder rights
This press release may be considered Attorney Advertising in some
jurisdictions under the applicable law and rules of ethics.
View source version on businesswire.com: https://www.businesswire.com/news/home/20180620006198/en/
The Schall Law FirmBrian Schall, Esq.,Sherin Mahdavian, Esq.,firstname.lastname@example.org