NEW YORK, Aug. 18, 2017 /PRNewswire/ -- Harwood Feffer
LLP (www.hfesq.com) is investigating potential claims against
insiders of Molina Healthcare, Inc. ("Molina" or the "Company")
(NYSE: MOH), concerning whether they breached their fiduciary
duties to shareholders and/or violated the federal securities
laws.
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
posting 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.
Our investigation concerns whether the Company board of
directors has breached its fiduciary duties to shareholders,
grossly mismanaged the Company, and/or committed abuses of control
in connection with the foregoing.
If you own Molina shares and wish to discuss this matter with
us, or have any questions concerning your rights and interests with
regard to this matter, please contact:
Robert I. Harwood, Esq.
Benjamin I. Sachs-Michaels, Esq.
Harwood Feffer LLP
488 Madison Avenue
New York, New York 10022
Phone Numbers: (877) 935-7400
(212) 935-7400
Email: bsachsmichaels@hfesq.com
Website: http://www.hfesq.com
Follow us on Twitter: @HarwoodFeffer
Harwood Feffer has been
representing individual and institutional investors for many years,
serving as lead counsel in numerous cases in federal and state
courts. Please visit the Harwood Feffer LLP website
(http://www.hfesq.com) for more information about the
firm.
Attorney Advertising. The law firm responsible for this
advertisement is Harwood Feffer LLP (www.hfesq.com). Prior results
do not guarantee or predict a similar outcome with respect to any
future matter.
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SOURCE Harwood Feffer LLP