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DCGO.US
id: 859
DocGo ($DCGO) Investor Settlement
Late claims are being considered for compensation, subject to approval.
$12,500,000
Cash SettlementS.D. New York
Court1:23-cv-09476
Case number11/05/2021
Class period Start09/15/2023
Class period End03/09/2026
Claim deadlineDocGo 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.
Case Type
US Securities Class Action
Case Status
Accepting Late Claims
Alleged Offence
Misleading Statements,
Financial Misrepresentation,
Failure to Disclose,
Omissions
Suspected Party
Directors,
Management
Security Type
Stocks
Trade Direction
Long
Payout per Share
0.12
Filing date
10/27/2023
Lead Plaintiff Deadline
12/26/2023
Plaintiffs
Joe Naclerio
Attorneys
Pomerantz LLP, Portnoy Law
Defendants
Lee Bienstock, Anthony Capone, Andre Oberholzer, Norman Rosenberg, Stan Vashovsky
Court hearing date
03/24/2026
Exclusion deadline
03/03/2026
Objection deadline
03/03/2026
Attorney fee
$4,375,000
Trades matching type
FIFO
Frequently Asked Questions
Who is eligible for this settlement?
Do I have to sell securities to be eligible?
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