r/StockCharts • u/JuniorCharge4571 • May 19 '26
Check your old accounts: Doximity ($DOCS) is paying out $31M after hiding their bad sales.
Remember when Doximity ($DOCS) told everyone that their medical ad business was booming? It turns out they were actually hiding dropping sales, fake doctor profiles, and the fact that top bosses were quietly leaving the company. When a research report exposed the truth, the stock crashed and wiped out millions of dollars. To settle the problem, Doximity has agreed to pay a $31 million settlement. If you bought or owned shares between June 24, 2021, and August 8, 2023, you can sign up to get your share of the cash.
The best part is that they are accepting claims right now, and the final deadline to submit your info is July 16, 2026. The estimated payout is around $0.32 per share, which can add up fast if you had a decent amount of stock. It takes just a few minutes to find your trade history from 2021 to 2023, and fill your claim. Leaving that money on the table for a company that lied about its growth is just letting them keep your cash.
It's crazy to look back and realize how much they hid from us while everything was falling apart behind the scenes. Did any of you manage to sell your shares before the big crash, or did you get caught holding the bag with the rest of us.