August 14, 2017 (Shareholders Foundation) - An investigation on behalf of investors of Molina Healthcare, Inc. (NYSE:MOH) shares over potential securities laws violations by Molina Healthcare and certain of its directors and officers in connection with certain financial statements was announced.

The investigation by a law firm focuses on possible claims on behalf of purchasers of the securities of Molina Healthcare, Inc. (NYSE:MOH) concerning whether a series of statements by Molina Healthcare regarding its business, its prospects and its operations were materially false and misleading at the time they were made.

Long Beach, CA based Molina Healthcare, Inc. offers Medicaid-related solutions for low-income families and individuals, and assists government agencies in their administration of the Medicaid program. Molina Healthcare, Inc. reported that its annual Total Revenue rose from over $14.17 billion in 2015 to over $17.78 billion in 2016 and that its Net Income declined from $143.00 million in 2015 to $52.00 million in 2016.

Shares of Molina Healthcare, Inc. (NYSE:MOH) reached as high as $72.79 per share on July 21, 2017.

On August 2, 2017, Molina Healthcare, Inc withdrew its 2017 earnings outlook and announced that it will eliminate 1,500 jobs, and exit certain Obamacare markets after the health insurer posted a steep second quarter loss.