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Federman & Sherwood Announces the Filing of a Securities Class Action Lawsuit against Molina Healthcare, Inc.

To join this class action, please complete the following Investor Certification.  

Molina Healthcare, Inc. [NYSE: MOH] Investor Certification

  • Plaintiff Certifies That:

  • # Shares PurchasedDate Of PurchasePrice Paid Per ShareClass Of Stock (e.g. Common)If Sold, # Of Shares SoldDate Sold (If Sold)Per Share Selling Price 
  • MM slash DD slash YYYY
  • Please type: /s/ Your Full Name (e.g. /s/ John Doe)
  • Type Full Name Here

Oklahoma City, OK (April 30, 2018) – On April 27, 2018, a securities class action lawsuit was filed in the United States District Court for the Central District of California against Molina Healthcare, Inc. (NYSE: MOH).  The complaint alleges violations of federal securities laws, Sections 10(b) and 20(a) of the Securities Exchange Act of 1934 and Rule 10b-5, including allegations of issuing a series of material or false misrepresentations to the market which had the effect of artificially inflating the market price during the Class Period, which is October 13, 2014 through August 2, 2017.  More specifically, this litigation was filed because on August 2, 2017, Molina announced its financial results for the second quarter ended June 30, 2017. The Company reported a net loss of $230 million for the quarter, termination of its ACA Health Exchange participation in Utah and Wisconsin, and a major restructuring plan. On this news, Molina’s common stock price fell $3.92 per share to close at $62.32 per share on August 3, 2017.

Plaintiff seeks to recover damages on behalf of all Molina Healthcare, Inc. shareholders who purchased common stock during the Class Period and are therefore a member of the Class as described above.  You may move the Court no later than Friday, June 29, 2018 to serve as a lead plaintiff for the entire Class.  However, in order to do so, you must meet certain legal requirements pursuant to the Private Securities Litigation Reform Act of 1995.

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