Cases
Molina Healthcare, Inc.
Securities Class Action
Overview
Overview
- Date:
- 5/4/2018
- Company Name:
- Molina Healthcare, Inc.
- Stock Symbol:
- MOH
- Class Period:
- FROM 10/31/2014 TO 8/2/2017
- Status:
- Closed/Complete
- Court:
- U.S. District Court: Central California
NEW YORK, May 4, 2018 – Bragar Eagel & Squire, P.C. announces to investors that a class action lawsuit has been filed in the U.S. District Court for the Central District of California on behalf of all persons or entities who purchased or otherwise acquired Molina Healthcare, Inc. (NYSE: MOH) securities between October 31, 2014 and August 2, 2017 (the “Class Period”). Investors have until June 29, 2018 to apply to the Court to be appointed as lead plaintiff in the lawsuit.
The complaint alleges that Molina misled investors regarding the scalability of its existing administrative infrastructure. Molina executives falsely claimed that the Company's existing administrative infrastructure could support rapid growth into existing Medicaid markets and new Patient Protection and Affordable Care Act health insurance marketplaces (ACA Health Exchanges) in a cost-effective manner. Molina later admitted that its existing administrative infrastructure was built for a much smaller, simpler business and was never designed to support the Company's growth strategy.
If you purchased or otherwise acquired Molina securities during the Class Period or continue to hold shares purchased prior to the Class Period, have information, would like to learn more about these claims, or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Melissa Fortunato by email at investigations@bespc.com, or telephone at (212) 355-4648, or by filling out the contact form below. There is no cost or obligation to you.
The complaint alleges that Molina misled investors regarding the scalability of its existing administrative infrastructure. Molina executives falsely claimed that the Company's existing administrative infrastructure could support rapid growth into existing Medicaid markets and new Patient Protection and Affordable Care Act health insurance marketplaces (ACA Health Exchanges) in a cost-effective manner. Molina later admitted that its existing administrative infrastructure was built for a much smaller, simpler business and was never designed to support the Company's growth strategy.
If you purchased or otherwise acquired Molina securities during the Class Period or continue to hold shares purchased prior to the Class Period, have information, would like to learn more about these claims, or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Melissa Fortunato by email at investigations@bespc.com, or telephone at (212) 355-4648, or by filling out the contact form below. There is no cost or obligation to you.