An investigation on behalf of investors in Molina Healthcare, Inc. (NYSE: MOH) shares over potential wrongdoing at Molina Healthcare, Inc. was announced and NYSE: MOH stockholders should contact the Shareholders Foundation.
San Diego, CA -- (SBWIRE) -- 11/13/2018 -- An investigation was announced for investors in shares of Molina Healthcare, Inc. (NYSE: MOH) over potential breaches of fiduciary duties by certain directors at Molina Healthcare, Inc.
Investors who purchased shares of Molina Healthcare, Inc. (NYSE: MOH) and currently hold any of those (NYSE: MOH shares have certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.
The investigation by a law firm concerns whether certain Molina Healthcare directors breached their fiduciary duties and caused damage to the company and its shareholders.
On April 30, 2018, a lawsuit was filed against Molina Healthcare, Inc. (NYSE:MOH) over alleged violations of Federal Securities Laws The plaintiff claims that between October 31, 2014 and August 2, 2017, Molina misled investors regarding the scalability of its existing administrative infrastructure, that 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, and that 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.
Those who purchased shares of Molina Healthcare, Inc. (NYSE:MOH) have certain options and should contact the Shareholders Foundation.
Contact:
Shareholders Foundation, Inc.
Michael Daniels
3111 Camino Del Rio North - Suite 423
92108 San Diego
Phone: +1-(858)-779-1554
Fax: +1-(858)-605-5739
mail@shareholdersfoundation.com
About Shareholders Foundation, Inc.
The Shareholders Foundation, Inc. is a professional portfolio monitoring and settlement claim filing service, , which does research related to shareholder issues and informs investors of securities class actions, settlements, judgments, and other legal related news to the stock/financial market. Shareholders Foundation, Inc. is in contact with a large number of shareholders and offers help, support, and assistance for every shareholder. The Shareholders Foundation, Inc. is not a law firm. Referenced cases, investigation, and/or settlements are not filed/reached and/or related to Shareholders Foundation. The information is provided as a public service. It is not intended as legal advice and should not be relied upon.