An investigation on behalf of current long term investors in Molina Healthcare, Inc. (NYSE: MOH) shares over possible breaches of fiduciary duty by certain officers and directors was announced.
San Diego, CA -- (SBWIRE) -- 10/29/2018 -- An investigation was announced over possible breaches of fiduciary duties by certain directors and officers of Molina Healthcare, Inc..
Investors who are current long term investors in Molina Healthcare, Inc. (NYSE: MOH) shares, have certain options and should contact the Shareholders Foundation at email@example.com or call +1(858) 779 - 1554.
The investigation by a law firm for investors in NYSE: MOH stocks follows a lawsuit filed against Molina Healthcare over alleged securities laws violations. The investigation on behalf of current long term investors in NYSE: MOH stocks, concerns whether certain Molina Healthcare directors are liable in connection with the allegations made in that lawsuit.
The plaintiff alleges that 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.
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