Doximity: FAQ for Getting Payment on the $31M Settlement over Masking Declining Sales

Hey guys, I posted about this settlement before, but since they’re considering late claims, I decided to share it again with a little FAQ.

So here's all I know about this agreement:

**Q: What happened?**
A: Doximity has agreed to a $31 million settlement to resolve investor claims that it misled shareholders about declining sales and pressure on its healthcare advertising business. On April 1, 2024, a report raised concerns about senior departures, revenue accounting, company KPIs, erroneous doctor profiles, and competition from LinkedIn. $DOCS fell more than 4%, wiping out over $135M in market value.

**Q: Am I actually eligible?**
A: If you bought $DOCS shares between **2021** and **2023**, you’re likely eligible. You don’t need to hold the stock still to claim; past losses count

**Q: Do I need to sell/lose my shares to get this settlement?**
A: No. You don’t need to still own your $DOCS shares. If your transactions meet the settlement requirements, you may be eligible even if you already sold them.

**Q: I missed the deadline. Is it too late?**
A:No, you may still be able to file a late claim, but acceptance depends on final approval by the court. Check if you're eligible and file your claim [here](https://11th.com/cases/doximity-investor-suit)

**Q: When do payouts happen?**
A: Typically, within 4–9 months after the claim deadline. But the exact timing depends on the court and settlement administration.

Hope this info helps