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Molina Escapes Investor’s Suit Over Growth Misstatements

Tiomkin Law Offices of Elliott Tiomkin > Legal News  > Molina Escapes Investor’s Suit Over Growth Misstatements

Molina Escapes Investor’s Suit Over Growth Misstatements

A California federal court on Thursday dismissed an investor’s proposed class action alleging shares of Molina Healthcare Inc. declined when it became apparent the health insurer wouldn’t achieve the growth executives had touted, saying the executives’ statements were forward-looking and inactionable.

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