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Molina Healthcare Being Sued By Many Law Firms For Fraud In Class Action Cases And Should Be Shutdown For Harming The Public June 12. 2018
Molina Healthcare A number of law firms have been filing class action lawsuits against Molina Healthcare over the past few months, which makes them a huge investment risk. These lawsuits represent potentially billions of dollars in court judgments that could be levied against Molina Healthcare, Inc, destroying the company's profits on the stock market. This makes Molina Healthcare a bad investment. A number of Molina Healthcare Inc's executive staff have been fired, which indicates problems in the company. You don't fire your executive staff for fun or because they are doing well. You fire your executive staff when there are significant internal issues wrecking the company. Molina Healthcare Inc are getting bad financial and legal advice that is going to decimate the company. The FBI meddling in the company in privacy/spying violations, in a matter that should be in Congress as it is illegal, makes them an even bigger investment risk. I am of the belief Molina Healthcare should be shutdown. They have caused innocent patients to die who had their medical insurance. They have defrauded doctors out of their pay. They have discriminated against the disabled. They have been committing privacy violations. The States of Florida and New Mexico have cut them out of new multi-billion dollar contracts. They have allowed the FBI to illegally spy on their customers. I am going to make a prediction. Under their current corrupt behavior, Molina Healthcare Inc will lose billions of dollars. Do not invest in Molina Healthcare Inc. The company is going to hit a significant financial fall, as they are committing very serious violations of the law. Listed below are several law firms who are currently suing Molina Healthcare Inc for unlawful conduct. If Molina Healthcare has violated your rights or defrauded you, telephone numbers are listed below for the law firms who are suing the company. You are permitted to join the class action lawsuits against Molina, but must do so before the deadline. STORY SOURCE Kaskela Law LLC: Shareholder Class Action Filed Against Molina Healthcare, Inc. May 06, 2018 13:12 ET | Source: Kaskela Law - RADNOR, Pa., May 06, 2018 (GLOBE NEWSWIRE) -- Kaskela Law LLC announces that a shareholder class action lawsuit has been filed against Molina Healthcare, Inc. (NYSE:MOH) (“Molina” or the “Company”) on behalf of purchasers of the Company’s securities between October 31, 2014 and August 2, 2017, inclusive (the “Class Period”). Molina investors are encouraged to visit www.kaskelalaw.com/case/molina to receive additional information about this action and submit their information online. Investors may also contact attorney D. Seamus Kaskela at (888) 715 – 1740, or via email at skaskela@kaskelalaw.com, to discuss their legal rights and options with respect to this action. The shareholder class action complaint alleges that Molina and certain of its executive officers misled investors about the scalability of the Company’s existing administrative infrastructure, and falsely claimed that the Company’s administrative infrastructure could support rapid growth into existing Medicaid markets and new Patient Protection and Affordable Care Act health insurance marketplaces in a cost-effective manner... CONTACT: KASKELA LAW LLC Glancy Prongay & Murray LLP Announces the Filing of a Securities Class Action on Behalf of Molina Healthcare, Inc. Investors (MOH) May 24, 2018 03:27 PM Eastern Daylight Time - LOS ANGELES--(BUSINESS WIRE)--Glancy Prongay & Murray LLP (“GPM”) announces that a class action lawsuit has been filed on behalf of investors that purchased or otherwise acquired the securities of Molina Healthcare, Inc. (“Molina” or the “Company”) (NYSE: MOH) between October 31, 2014 and August 2, 2017, inclusive (the “Class Period”). Molina investors have until June 29, 2018 to file a lead plaintiff motion. To obtain information or actively participate in the class action, please visit the Molina page on our website at www.glancylaw.com/case/molina-healthcare-inc. Investors that suffered losses on their Molina investments are encouraged to contact Lesley Portnoy of GPM to discuss their legal rights in this class action at 310-201-9150 or by email to shareholders@glancylaw.com. The complaint filed in this class action alleges that, throughout the Class Period, Defendants made materially false and misleading statements and/or failed to disclose that:(1) Molina's administrative infrastructure was never designed to handle the size and complexity of its rapid growth strategy; and (2) it failed to remediate systemic issues and costly disruptions with critical administrative infrastructure functions, including provider payment and utilization management. On August 2, 2017, the Company withdrew its 2017 earnings outlook and announced that it will eliminate 1,500 jobs, and exit certain Obamacare markets after the health insurer posted a steep second quarter loss. On this news Molina shares fell nearly 6%, or $3.92 per share, to close at 62.32 per share on August 3, 2017. The Company’s shares continued to fall the following trading day, closing down $2.52 per share, or over 4%, to close at $59.80 per share on August 4, 2017... Contacts Glancy Prongay and Murray LLP, Los Angeles SHAREHOLDER ALERT: Pomerantz Law Firm Investigates Claims On Behalf of Investors of Molina Healthcare, Inc. - MOH May 01, 2018, 13:37 ET - NEW YORK, May 1, 2018 /PRNewswire/ -- Pomerantz LLP is investigating claims on behalf of investors of Molina Healthcare, Inc. ("Molina" or the "Company") (NYSE: MOH). Such investors are advised to contact Robert S. Willoughby at rswilloughby@pomlaw.com or 888-476-6529, ext. 9980. The investigation concerns whether Molina and certain of its officers and/or directors have engaged in securities fraud or other unlawful business practices. On April 28, 2016, Molina reported that it had missed its earnings targets for the quarter ended March 31, 2016, and sharply cut full-year 2016 earnings guidance, citing higher costs tied to administrative capacity issues. On this news, Molina's share price fell $12.46, or 19.4%, to close at $51.76 on April 29, 2016. On February 15, 2017, Molina announced its financial and operating results for the quarter and year ended December 31, 2016, advising investors that the Company could not commit to Affordable Care Act ("ACA") Health Exchange participation beyond 2017. On this news, Molina's share price fell $10.71, or 17.88%, to close at $49.18 on February 16, 2017. Then, on August 2, 2017, Molina announced its financial and operating results for the quarter ended June 30, 2017, reporting 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. During the Company's related earnings call, Molina disclosed to investors that its administrative infrastructure was inadequate to sustain Molina's rapid growth. On this news, Molina's share price fell $3.92, or 5.92%, to close at $62.32 on August 3, 2017... CONTACT: INVESTOR ALERT: Levi & Korsinsky, LLP Reminds Investors of an Investigation Involving Possible Securities Fraud Violations by the Board of Directors Molina Healthcare, Inc. May 01, 2018 05:56 PM Eastern Daylight Time - NEW YORK--(BUSINESS WIRE)--Levi & Korsinsky announces it has commenced an investigation of Molina Healthcare, Inc. (“Molina” or “the Company”) (NYSE:MOH) concerning possible violations of federal securities laws. On April 28, 2016, Molina reported an earnings miss for the first quarter ended March 31, 2016 and reduced its full-year 2016 earnings guidance. On August 2, 2017, Molina withdrew its 2017 earnings projection, reported a net loss of $230 million for the second quarter ended June 30, 2017, and revealed it would exit certain ACA Health Exchange markets. To obtain additional information, go to: http://www.zlk.com/pslra-d/molina-healthcare-inc or contact Joseph E. Levi, Esq. either via email at jlevi@levikorsinsky.com or by telephone at (212) 363-7500, toll-free: (877) 363-5972... Levi & Korsinsky is a national firm with offices in New York, California, Connecticut and Washington D.C. The firm’s attorneys have extensive expertise in prosecuting securities litigation involving financial fraud, representing investors throughout the nation in securities and shareholder lawsuits. Attorney advertising. Prior results do not guarantee similar outcomes. Contacts Levi & Korsinsky, LLP SHAREHOLDER ALERT: Levi & Korsinsky, LLP Notifies Shareholders of Molina Healthcare, Inc. of a Class Action Lawsuit and a Lead Plaintiff Deadline of June 29, 2018 – MOH May 14, 2018 16:01 ET | Source: Levi & Korsinsky, LLP - NEW YORK, May 14, 2018 (GLOBE NEWSWIRE) -- The following statement is being issued by Levi & Korsinsky, LLP: To: All persons or entities who purchased or otherwise acquired securities of Molina Healthcare, Inc. ("Molina Healthcare, Inc.") (NYSE:MOH) between October 31, 2014 and August 2, 2017. You are hereby notified that a securities class action lawsuit has been commenced in the United States District Court for the Central District of California. To get more information go to: http://www.zlk.com/pslra-d/molina-healthcare-inc?wire=3 or contact Joseph E. Levi, Esq. either via email at jlevi@levikorsinsky.com or by telephone at (212) 363-7500, toll-free: (877) 363-5972. There is no cost or obligation to you. The complaint alleges that throughout the class period Defendants issued materially false and/or misleading statements and/or failed to disclose that: (1) Molina's administrative infrastructure was never designed to handle the size and complexity of its rapid growth strategy; and (2) it failed to remediate systemic issues and costly disruptions with critical administrative infrastructure functions, including provider payment and utilization management. On April 28, 2016, Molina reported an earnings miss for the first quarter ended March 31, 2016 and reduced its full-year 2016 earnings guidance. On August 2, 2017, Molina withdrew its 2017 earnings projection, reported a net loss of $230 million for the second quarter ended June 30, 2017, and revealed it would exit certain ACA Health Exchange markets. CONTACT: Robbins Arroyo LLP: Molina Healthcare, Inc. (MOH) Misled Shareholders According to a Recently Filed Class Action May 03, 2018 05:51 PM Eastern Daylight Time - SAN DIEGO & LONG BEACH, Calif.--(BUSINESS WIRE)--Shareholder rights law firm Robbins Arroyo LLP announces that purchasers of Molina Healthcare, Inc. (NYSE: MOH) have filed a class action complaint against the company's officers and directors for alleged violations of the Securities Exchange Act of 1934 between October 31, 2014 and August 2, 2017. Molina provides Medicaid-related solutions to meet the health care needs of low-income families and individuals and to assist state agencies in their administration of the Medicaid program in the United States. View this information on the law firm's Shareholder Rights Blog: www.robbinsarroyo.com/molina-healthcare-inc Molina Accused of Wrongly Touting High Expectations for Its Administrative Infrastructure According to the complaint, Molina predicted that the company would grow revenues from $6 billion to $12 billion with the help of a scalable administrative infrastructure designed to accommodate Medicaid expansion. Despite these optimistic forecasts, the company's administrative infrastructure could not 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. On April 28, 2016, Molina reported a sharp earnings miss for the first quarter of 2016 and drastically cut full-year 2016 earnings guidance, citing higher costs associated with administrative capacity issues. Then, on February 15, 2017, Molina cautioned that the company could not commit to ACA Health Exchange participation beyond 2017. Finally, on August 2, 2017, Molina reported a net loss of $230 million for the second quarter of 2017, admitting that its administrative infrastructure was never designed to sustain rapid growth. Molina Shareholders Have Legal Options If you would like more information about your rights and potential remedies, contact attorney Leonid Kandinov at (800) 350-6003, LKandinov@robbinsarroyo.com, or via the shareholder information form on the firm's website. Robbins Arroyo LLP is a nationally recognized leader in shareholder rights law. The firm represents individual and institutional investors in shareholder derivative and securities class action lawsuits, and has helped its clients realize more than $1 billion of value for themselves and the companies in which they have invested. Contacts Robbins Arroyo LLP RELATED ARTICLES BOYCOTT: Molina Healthcare Stock Downgraded And CEO Sells 15,000 Stocks Cashing Out $1,000,000 Molina Healthcare Sued In Class Action Lawsuit For Stealing Pay From Doctors Molina Healthcare Sued By Former Employee For Disability Discrimination Remember To Switch From Molina Healthcare This Enrollment Period |
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