DOXIMITY SHAREHOLDER WARNING FROM FORMER LOUISIANA ATTORNEY

NEW ORLEANS, June 11, 2024 (GLOBE NEWSWIRE) — Kahn Swick & Foti, LLC (“KSF”) and KSF partner, former Louisiana Attorney General Charles C. Foti, Jr., remind investors that they have until June 17, 2024 to file lead plaintiff motions in a class action lawsuit against Doximity, Inc. (NYSE: DOCS) if they purchased or otherwise acquired the Company’s stock between February 9, 2022 and April 1, 2024, inclusive (the “Class Period”). This action is pending in the U.S. District Court for the Northern District of California.

What you can do

If you have purchased shares of Doximity and would like to discuss your legal rights, the potential impact of this case on you and your right to compensation for your economic loss, you may contact Lewis Kahn, Managing Partner at KSF, toll-free at 1-877-515-1850 or by email ([email protected]) without obligation and free of charge, or https://www.ksfcounsel.com/cases/nyse-docs/ to learn more. If you wish to serve as lead plaintiff in this class action lawsuit, you must move the Court by June 17, 2024.

About the lawsuit

Doximity and certain of its executives are accused of failing to disclose material information during the Class Period, in violation of federal securities laws. The alleged false and misleading statements and omissions include, among other things, that the company repeatedly touted its business prospects and the sustainability of its revenue growth and profitability, while downplaying the impact of competition and tightening macroeconomic conditions on its reliance on “upselling” products and services (such as additional advertising) to existing customers to maintain the company’s performance and future growth.

The case is Kissler v. Doximity, Inc. et al.24-cv-02281.

About Kahn Swick & Foti, LLC

KSF, whose partners include former Louisiana Attorney General Charles C. Foti, Jr., is one of the nation’s leading boutique securities litigation firms. KSF serves a wide range of clients – including public institutional investors, hedge funds, asset managers and individual investors – in recovering investment losses resulting from corporate fraud or abuse of authority by publicly traded companies. KSF maintains offices in New York, Delaware, California, Louisiana and New Jersey.

To learn more about KSF, please visit www.ksfcounsel.com.

Contact:

Kahn Swick & Foti, LLC
Lewis Kahn, Managing Partner
[email protected]
1-877-515-1850
1100 Poydras St., Suite 960
New Orleans, LA 70163