DocGo, Ex-CEO Must Face Investor Background and Growth Claims

DocGo Inc. and its ex-CEO must contend with allegations they knowingly deceived investors about its business growth and his resume, after a Friday ruling by a federal judge.

The lead plaintiff, a public pension fund, sufficiently alleged Tony Capone lied about his educational background to gain investor trust, said Judge Katherine Polk Failla. Capone resigned from his position leading the mobile healthcare servicer in 2023 after acknowledging he lied about having a master’s degree.

And Capone plausibly knew or recklessly ignored that he misled investors by saying DocGo had signed 3,000 asylum-seekers onto New York State Medicaid through UnitedHealthcare, ...