Nov 24, 2021 | Shareholder Investigations
DocGo Investors Who Have Suffered Losses Greater Than $50,000 Are Encouraged To Contact Kehoe Law Firm, P.C. – Securities Class Action Investigation
Kehoe Law Firm, P.C. is investigating whether DocGo Inc. (“DocGo” or the “Company”) (NASDAQ: DCGO) violated federal securities laws or engaged in other unlawful business practices.
In a Form 8-K recently filed with the SEC, DocGo reported that “. . . on November 22, 2021, the Company’s management and the audit committee of the Company’s board of directors . . . concluded that the Company’s previously issued (i) audited balance sheet as of October 19, 2020 (the ‘Post-IPO Balance Sheet’), as previously revised in [Motion Acquisition Corp.’s] Annual Report on Form 10-K, as amended, for the fiscal year ended December 31, 2020, filed with the SEC on May 28, 2021 (‘2020 Form 10-K/A No. 1’), (ii) audited financial statements included in the 2020 Form 10-K/A No. 1, (iii) unaudited interim financial statements included in Motion’s Quarterly Report on Form 10-Q for the quarterly period ended March 31, 2021, filed with the SEC on June 3, 2021, (iv) unaudited interim financial statements included in Motion’s Quarterly Report on Form 10-Q for the quarterly period ended June 30, 2021, filed with the SEC on August 11, 2021 and (v) unaudited interim financial statements included in Motion’s Quarterly Report on Form 10-Q for the quarterly period ended September 30, 2021, filed with the SEC on November 15, 2021 (collectively, the ‘Affected Periods’), should be restated to report all Public Shares as temporary equity and should no longer be relied upon.” [Emphasis added.]
DocGo also stated that “[a]s such, the Company intends to restate the financial statements for the Affected Periods in a Form 10-K/A to be filed with the SEC for the Post-IPO Balance Sheet and Motion’s audited financial statements included in the 2020 Form 10-K/A No. 1 (the ‘Form 10-K/A No. 2’) and the unaudited condensed financial statements for the periods ended March 31, 2021, June 30, 2021, and September 30, 2021 in Motion’s Amendment No. 1 to the Quarterly Report on Form 10-Q for the quarterly period ended September 30, 2021, to be filed with the SEC (the ‘Q3 Form 10-Q/A No. 1’).”
On this news, DocGo’s stock price declined significantly. DocGo’s stock closed down more than 4% on November 23, 2021, further injuring investors.
DOCGO INVESTORS WHO PURCHASED, OR OTHERWISE ACQUIRED, THE COMPANY’S SECURITIES AND SUFFERED LOSSES GREATER THAN $50,000 ARE ENCOURAGED TO COMPLETE KEHOE LAW FIRM’S SECURITIES CLASS ACTION QUESTIONNAIRE OR CONTACT JOHN KEHOE, ESQ., (215) 792-6676, EXT. 801, [email protected], OR MICHAEL YARNOFF, ESQ., (215) 792-6676, EXT. 804, [email protected], [email protected], TO DISCUSS THE DOCGO SECURITIES CLASS ACTION INVESTIGATION OR POTENTIAL LEGAL CLAIMS.
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Nov 23, 2021 | Data Breach
Utah Imaging Associates Files Data Breach Notice With Office Of The Maine Attorney General – Data Security Incident May Have Resulted In Unauthorized Access To Sensitive Personal Information
According to the “Notice of data breach” letter located on the website of the Office of the Maine Attorney General:
On September 4, 2021, UIA [Utah Imaging Associates, Inc.] detected and stopped a network security incident. Upon discovery of this incident, UIA promptly secured and began remediating our network. UIA also engaged a specialized third-party cybersecurity firm to conduct a comprehensive investigation to determine the nature and scope of the incident. The forensic investigation has found evidence that some UIA files containing sensitive data were available to the unauthorized actor during the incident. This letter serves to notify you that it is possible the following information related to you, if provided to UIA, may have been exposed to the unauthorized party: first and last name; mailing address; date of birth; Social Security number; health insurance policy number; medical information, including, but not limited to, medical treatment, diagnosis, and prescription information. We maintained this information for patient care and administrative purposes. Notably, the types of information affected varied by individual, and not every individual had every element exposed. [Emphasis added.]
Please click UIA Notice Of Data Breach to read the full text of the data breach notification letter.
On November 22, 2021, Govinfosecurity.com reported that “[a] recent hack of a Utah medical radiology group’s network server has compromised sensitive health information of more than a half-million patients, ranking the incident among the 20 largest health data breaches posted on the federal tally so far this year.”
Govinfosecurity.com also reported that “[t]he Department of Health and Human Services’ HIPAA Breach Reporting Tool website, which lists health data breaches affecting 500 or more individuals, shows that UIA reported the incident on Nov. 3 as affecting nearly 584,000 individuals.”
The Maine Attorney General’s website (accessed 11/23/2021) reflects that 582,170 individuals were affected, including 51 Maine residents, during the data breach which occurred between August 29, 2021 and September 4, 2021.
Have You Been Impacted by A Data Breach?
If so, please complete the form on the right or contact Kehoe Law Firm, P.C., [email protected], for a free, no-obligation evaluation of potential legal claims.
Examples of the type of relief sought by data privacy class actions, include, but are not limited to, reimbursement of identity theft losses and of out-of-pocket costs paid by data breach victims for protective measures such as credit monitoring services, credit reports, and credit freezes; compensation for time spent responding to the breach; imposition of credit monitoring services and identity theft insurance, paid for by the defendant company; and improvements to the defendant company’s data security systems.
Data privacy class actions are brought on a contingent-fee basis; thus, plaintiffs and the class members do not pay out-of-pocket attorney’s fees or litigation costs. Subject to court approval, attorney’s fees and litigation costs are derived from the recovery obtained for the class.
Nov 22, 2021 | Whistleblower
On November 22, 2021, the Commodity Futures Trading Commission (“CFTC”) announced awards totaling nearly $1 million to two whistleblowers whose information led the CFTC to bring a successful enforcement action. Both whistleblowers provided significant information and substantial assistance to CFTC staff during the underlying investigation.
While each whistleblower’s information supported and, ultimately, led to different charges the CFTC brought in the enforcement action, the CFTC allocated a higher award percentage to one claimant because of the key role that claimant’s information played in causing the CFTC to open the investigation in question and focusing CFTC staff’s efforts during the investigation’s earliest stages. The other claimant reported to the CFTC after that investigation was already underway. Opening investigations is crucial to the success and effectiveness of the CFTC’s enforcement program, and the first claimant’s provision of information during the earliest stages of the matter also helped CFTC staff conserve time and resources and better focus their investigative efforts. Granting a larger award to the first claimant recognized this added value.
The CFTC’s Whistleblower Program
The CFTC’s Whistleblower Program was created under Section 748 of the Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010. The CFTC issues awards related not only to the agency’s enforcement actions, but also in connection with actions brought by other domestic or foreign regulators if certain conditions are met. Since issuing its first award in 2014, the CFTC has granted whistleblower awards amounting to approximately $300 million. Those awards are associated with enforcement actions that have resulted in monetary sanctions totaling more than $3 billion.
The Commodity Exchange Act (“CEA”) provides confidentiality protections for whistleblowers. Regardless of whether the CFTC grants an award, the CFTC will not disclose any information that could reasonably be expected to reveal a whistleblower’s identity, except in limited circumstances. Consistent with this confidentiality protection, the CFTC will not disclose the name of the enforcement action in which the whistleblower provided information or the exact dollar amount of the award granted.
Whistleblowers are eligible to receive between 10 and 30 percent of the monetary sanctions collected. All whistleblower awards are paid from the CFTC Customer Protection Fund, which was established by Congress, and is financed entirely through monetary sanctions paid to the CFTC by violators of the CEA. No money is taken or withheld from injured customers to fund the program.
How Does One Become Eligible For A Whistleblower Award?
The first step to becoming eligible for a whistleblower award is for an individual or group of individuals to submit a tip, complaint, or referral on a Form TCR that contains information about a potential violation of the CEA. Whistleblowers can be anyone, such as corporate insiders, market observers, investors, customers, and fraud victims. A whistleblower need not be a company insider. But entities cannot be eligible for awards themselves, and not every whistleblower will be eligible for an award.
Information provided by a whistleblower could lead the CFTC to open a new investigation, re-open a closed investigation, pursue a new line of inquiry in an ongoing investigation, or significantly contribute to the success of an enforcement action. This could result in a successful enforcement action or a Related Action, which could be brought by another governmental authority. Only those whistleblowers who submit information before the CFTC contacts them will be eligible for an award. In order for information to be voluntarily submitted, it must be submitted before the CFTC or certain other authorities request, inquire, or demand information from the whistleblower related to the original information being provided.
Individuals can submit a tip anonymously, with or without a lawyer’s help. Because the CFTC may need to contact a whistleblower for more information, individuals should provide some means of contact, such as an email address or telephone number. Likewise, there are detailed requirements for submitting an award application anonymously. If you have any questions about submitting anonymously, you are encouraged to contact the Whistleblower Office before you file.
Whether or not an individual submits anonymously, the CFTC is committed to protecting the identities of whistleblowers. The CFTC treats information learned during the course of an investigation—including the identity of sources—as non-public and confidential.
The exception to this policy is that in an administrative or court proceeding, the CFTC may be required to produce documents or other information which would reveal a whistleblower’s identity. Likewise, the CFTC may also provide the information provided by whistleblowers, subject to confidentiality requirements, to other government or regulatory entities.
CFTC Whistleblower Prerequisites & Eligibility Requirements
The Whistleblower Rules specify the prerequisites and eligibility requirements. The prerequisites include the following:
- Whistleblower information must be provided voluntarily, prior to a request, inquiry, or demand for information;
- The information must be original information not previously known to the CFTC, but if the whistleblower is the original source of the information, it would be deemed original information;
- The information must have led to a successful resolution of CFTC action or a Related Action;
- The whistleblower, upon CFTC staff’s request, must provide certain additional information;
- The whistleblower must have submitted an award application (Form WB-APP) in response to a Notice of Covered Action or a final judgment in a Related Action or both.
Source: CFTC.gov
Nov 21, 2021 | Car Problems Car Complaints
Toyota Motor Engineering & Manufacturing Recalling Certain 2018-2019 Camry Vehicles
Your vehicle MAY be involved in a safety recall which MAY create a safety risk for you or your passengers. If left unrepaired, a potential safety defect could lead to injury or even death. Safety defects must be repaired by a dealer at no cost to you. The following MAY APPLY to your vehicle if it is listed below. Please click on the National Highway Traffic Safety Administration (“NHTSA”) Recall ID Number below to learn more about the safety issue and the reason for the vehicle recall.
Manufacturer: Toyota Motor Engineering & Manufacturing
Components: SERVICE BRAKES, HYDRAULIC
Potential Number of Units Affected: 227,490
Summary & Remedy
Toyota Motor Engineering & Manufacturing (“Toyota”) is recalling certain 2018-2019 Camry vehicles. The vane cap inside the vacuum pump may break, causing the pump to fail, which could result in a sudden loss of braking assist. A sudden loss of braking assist can increase the risk of a crash.
Dealers will repair or replace the vacuum pump, as necessary, free of charge. Owner notification letters are expected to be mailed December 16, 2021. Owners may contact Toyota customer service at 1-800-331-4331. Owners may also contact the National Highway Traffic Safety Administration Vehicle Safety Hotline at 1-888-327-4236 (TTY 1-800-424-9153), or go to www.nhtsa.gov.
To find out if your vehicle is included in the recall, please use the NHTSA’s VIN Look-up Tool.
What Is A Vehicle Recall?
When a manufacturer or the NHTSA determines that a vehicle creates an unreasonable risk to safety or fails to meet minimum safety standards, the manufacturer is required to fix that vehicle at no cost to the owner. The fix, or repair, can be accomplished by repairing, replacing, offering a refund (for equipment) or, in rare cases, repurchasing the car/vehicle.
What should I do if my vehicle is included in this recall?
If your vehicle is included in a specific recall, it is very important that you get it fixed as soon as possible given the potential danger to you and your passengers if it is not addressed. You should receive a separate letter in the mail from the vehicle manufacturer, notifying you of the recall and explaining when the remedy will be available, whom to contact to repair your vehicle, and to remind you that the repair will be done at no charge to you. If you believe your vehicle is included in the recall, but you do not receive a letter in the mail from the vehicle manufacturer, please call NHTSA’s Vehicle Safety Hotline at 1-888-327-4236, or contact your vehicle manufacturer or dealership.
For additional recall information, please click Vehicle Recall FAQs.
Source: U.S. Department of Transportation, National Highway Traffic Safety Administration
VEHICLE OWNERS AND LESSEES AFFECTED BY AUTOMOTIVE DEFECTS OR SAFETY RECALLS ARE ENCOURAGED TO CONTACT KEHOE LAW FIRM, P.C., [email protected], FOR A FREE, NO-OBLIGATION EVALUATION OF POTENTIAL LEGAL CLAIMS.
Nov 19, 2021 | Filed Securities Cases
Kehoe Law Firm, P.C. is investigating whether Alfi, Inc. (“Alfi” or the “Company”) (NASDAQ: ALF) violated federal securities laws or engaged in other unlawful business practices.
Alfi investors who purchased, or otherwise acquired, Alfi common stock or warrants pursuant and/or traceable to the Offering Documents issued in connection with the Company’s initial public offering (“IPO”) conducted on or about May 4, 2021 and/or Alfi securities between May 4, 2021 and November 15, 2021, both dates inclusive (the “Class Period”), are encouraged to complete Kehoe Law Firm’s Securities Class Action Questionnaire.
To contact Kehoe Law Firm, P.C. about joining the class action, please click “Join The Securities Class Action.”
To view a copy of the complaint, please click “Alfi Complaint.”
According to the Complaint filed in United States District Court, Southern District of Florida, the Offering Documents were negligently prepared and, as a result, contained untrue statements of material fact or omitted to state other facts necessary to make the statements made not misleading and were not prepared in accordance with the rules and regulations governing their preparation.
Throughout the Class Period, according to the complaint, Defendants made materially false and misleading statements regarding the Company’s business, operations, and compliance policies. Specifically, the Offering Documents and Defendants made false and/or misleading statements and/or failed to disclose that (i) Alfi maintained deficient disclosure controls and procedures and internal control over financial reporting; (ii) as a result, the Company and its employees could and did engage in corporate transactions and other matters without sufficient and appropriate consultation with or approval by the Company’s Board of Directors; (iii) all the foregoing increased the risk of internal and regulatory investigations into the Company and its employees; (iv) all the foregoing, once revealed, was likely to have a material negative impact on the Company’s reputation, financial condition, and ability to timely file periodic reports with the SEC; and (v) as a result, the Company’s public statements were materially false and misleading at all relevant times.
Additionally, in an SEC Form 8-K, Alfi reported that “[o]n October 22, 2021, the Board of Directors . . . of Alfi . . . placed each of Paul Pereira, the Company’s President and Chief Executive Officer, Dennis McIntosh, the Company’s Chief Financial Officer and Treasurer, and Charles Pereira, the Company’s Chief Technology Officer, on paid administrative leave and authorized an independent internal investigation regarding certain corporate transactions and other matters.” Alfi also reported that “[o]n October 28, 2021, Mr. C. Pereira’s employment with the Company was terminated.”
On this news, shares of Alfi dropped, thereby injuring investors.
ALFI INVESTORS THAT ACQUIRED THE COMPANY’S SECURITIES PURSUANT TO AND/OR TRACEABLE TO THE IPO OR DURING THE CLASS PERIOD ARE ENCOURAGED TO CONTACT KEHOE LAW FIRM, P.C. BY CLICKING JOIN THE SECURITIES CLASS ACTION, COMPLETING KEHOE LAW FIRM’S SECURITIES CLASS ACTION QUESTIONNAIRE OR BY CONTACTING EITHER JOHN KEHOE, ESQ., (215) 792-6676, EXT. 801, [email protected], OR MICHAEL YARNOFF, ESQ., (215) 792-6676, EXT. 804, [email protected], [email protected], TO DISCUSS THE ALFI SECURITIES CLASS ACTION INVESTIGATION OR POTENTIAL LEGAL CLAIMS.
