Molina Healthcare (NYSE:MOH)
Historical Stock Chart
1 Year : From May 2018 to May 2019
& Eck, LLP, a leading shareholder rights litigation firm, is
investigating whether certain directors and officers of Molina
Healthcare, Inc. (“Molina” or the “Company”) (NYSE: MOH) breached
their fiduciary duties to Molina and its shareholders. If you are a
Molina shareholder, you are encouraged to contact Amber
Eck at (619) 342-8000 or firstname.lastname@example.org
for additional information.
Haeggquist & Eck is investigating whether certain members of the board
of directors (the “Board”) made false and/or misleading statements
and/or failed to disclose that: (1) Molina’s administrative
infrastructure was never designed to handle the size and complexity of
Molina’s rapid growth strategy; (2) Molina failed to remediate systemic
issues and costly disruptions with critical administrative
infrastructure functions, including provider payment and utilization
management; and (3) as a result, Molina common stock traded at
artificially inflated prices during the Class Period.
On August 2, 2017, the Company withdrew its 2017 earnings outlook and
announced that it will eliminate 1,500 jobs and exit certain Obamacare
markets after posting a steep second quarter loss. On this news, Molina
shares fell nearly 6%, or $3.92 per share, to close at $62.32 per share
on August 3, 2017. The Company’s shares continued to fall on the
following trading day, closing down $2.52 per share, or over 4%, to
close at $59.80 per share on August 4, 2017.
Our investigation concerns whether the Company’s Board has breached its
fiduciary duties to shareholders, grossly mismanaged the Company, and/or
committed abuses of control in connection with the foregoing.
What You Can Do
If you are a Molina
shareholder, you may have claims against the Company’s directors and
officers. If you wish to discuss this notice or if you have questions
about this notice or your legal rights, please contact Amber
Eck at 619-342-8000 or e-mail her at email@example.com.
There is no cost or obligation to you.
& Eck, LLP is a nationally recognized leader in shareholder
rights law. The firm represents individual investors in shareholder
derivative lawsuits, and members of the firm have helped shareholders
recover more than $1 billion of value for themselves and the companies
in which they have invested.
This release constitutes attorney advertising. Past results do not
guarantee a similar outcome.
View source version on businesswire.com: https://www.businesswire.com/news/home/20181022005188/en/
Haeggquist & Eck, LLPAmber Eck, firstname.lastname@example.org