DocGo ($DCGO) Investor Settlement
DocGo has reached a settlement with $DCGO investors over claims that it misled them about executive hires, service performance, and its financial outlook.
Outline:
DocGo received a $432 million contract to relocate migrants outside New York City. Reports later described operational problems with the program and raised concerns about how it was being managed. In September 2023, it was revealed that CEO Anthony Capone had falsified parts of his professional biography, leading to his resignation. After the stock declined and investors filed suit, DocGo later agreed to a settlement to resolve the claims.
Timeline:
May 2023: DocGo was awarded a $432 million contract to relocate migrants outside New York City.
July 30, 2023: A New York Times report described problems with the migrant relocation program, and $DCGO fell 6.29%.
September 14, 2023: The Albany Times Union reported CEO Anthony Capone falsified parts of his professional biography.
September 15, 2023: DocGo disclosed Capone’s resignation, and $DCGO fell 11.76%.
October 2023: Investors filed a securities class action lawsuit.
November 2025: DocGo agreed to settle.
Background:
DocGo is a mobile healthcare and medical transportation company that expanded into migrant relocation services through a large contract with New York City in 2023. The $432 million agreement represented a major new source of revenue for the company.
In July 2023, the New York Times reported that the program had a troubled rollout, citing claims from migrants about broken promises, threats, and lack of coordination with government agencies and social services. The report raised questions about the effectiveness and management of the program.
In September 2023, the Albany Times Union reported that CEO Anthony Capone had falsified parts of his professional biography, including aspects of his educational history. Capone resigned the following day after the disclosure.
Following these developments, $DCGO declined sharply. Investors later alleged the company misled the market about the quality of its services, its executive vetting practices, and the strength of its financial prospects.
What Can Investors Expect Now?
DocGo has reached a settlement with $DCGO investors to resolve claims tied to statements about executive credentials, service performance, and financial prospects.
If you were damaged due to this situation, you can file for a payout and get your share of the settlement. You can check if you are eligible and other details in the FAQ section.
Frequently Asked Questions
All persons and entities who purchased or otherwise acquired DocGo Inc. ($DCGO) common stock between November 5, 2021 and September 15, 2023, inclusive, and were damaged thereby.
No, if you have purchased securities within the class period, you are eligible to participate.
You can participate in the settlement and retain (or sell) your securities.
The entire process usually takes 4 to 9 months after the claim deadline. But the exact timing depends on the court and settlement administration.
If you're eligible, you can file your claim directly from this case page by clicking the "Collect Payout" button.
More than 100 companies are currently paying out settlements. Connect your brokerage account to automatically check which ones you may have missed — or file manually for this case.
11th.com is an investor recovery company that helps investors track and collect securities class action settlements. We will:
1. Prepare documents for your payout.
2. Audit the claim and make sure you get the maximum possible payout.
3. File a claim with the settlement administration.
4. Correspond with the settlement administration to resolve emerging issues.
5. Deliver payout directly to your brokerage account.
There is no upfront cost, but we will deduct 20% of the recovered amount as a commission for our services.