Investor Alert: Rosen Law Firm Encourages Teladoc Health, Inc. Investors with Losses to Inquire About Securities Class Action LawsuitInvestor Alert: Rosen Law Firm Encourages Teladoc Health, Inc. Investors with Losses to Inquire About Securities Class Action Lawsuit Rosen Law Firm, a global investor rights law firm, reminds purchasers of shares of Teladoc Health, Inc. (NYSE: TDOC) between November 2, 2022 and February 20, 2024 (the “Class Period”) of the important July 16, 2024 Deadline to file for lead plaintiff. If you purchased Teladoc shares during the Class Period, you may be entitled to compensation without payment of out-of-pocket costs or expenses through a contingency fee arrangement. Why Rosen Law? * Proven track record of success: Recovered hundreds of millions of dollars for investors in securities class action lawsuits * Ranked No. 1 by ISS Securities Class Action Services for number of securities class action settlements in 2017 * Recognized by Lawdragon and Super Lawyers Case Details: The lawsuit alleges that during the Class Period, Teladoc made false and/or misleading statements and failed to disclose that: * It continued to expand marketing spend despite public commitments to scale back * Increased marketing spend worsened revenues with little investment return * Increased advertising spend would be marginally inefficient due to market saturation * BetterHelp membership stagnated and declined due to market saturation and its own marketing Next Steps: To join the Teladoc class action, contact Rosen Law Firm: * Website: https://rosenlegal.com/submit-form/?case_id=6818 * Phone: 866-767-3653 * Email: [email protected] Lead Plaintiff Deadline: July 16, 2024 There is no class certified yet. You do not need to have retained counsel to share in any recovery. Follow Rosen Law Firm for updates: * LinkedIn: https://www.linkedin.com/company/the-rosen-law-firm/ * Twitter: https://twitter.com/rosen_firm * Facebook: https://www.facebook.com/rosenlawfirm/ Attorney Advertising. Prior results do not guarantee similar outcomes.
NEW YORK, June 28, 2024 (GLOBE NEWSWIRE) —
WHY: Rosen Law Firm, a global investor rights law firm, reminds purchasers of shares of Teladoc Health, Inc. (NYSE: TDOC) between November 2, 2022 and February 20, 2024, inclusive (the “Class Period”), to the important Deadline for lead plaintiff July 16, 2024.
SO: If you purchased Teladoc shares during the Class Period, you may be entitled to compensation without payment of out-of-pocket costs or expenses through a contingency fee arrangement.
WHAT TO DO NEXT: To join the Teladoc class action, visit https://rosenlegal.com/submit-form/?case_id=6818 or call Phillip Kim, Esq. toll-free at 866-767-3653 or email [email protected] for information about the class action. A class action lawsuit has already been filed. If you wish to serve as lead plaintiff, you must petition the court no later than July 16, 2024A lead plaintiff is a representative party acting on behalf of other class members in directing the litigation.
WHY ROSEN LAW: We encourage investors to select qualified counsel with a track record of success in leadership roles. Often companies issuing notices do not have comparable experience, resources or any meaningful peer recognition. Many of these firms do not actually pursue securities class action lawsuits, but are merely intermediaries that refer clients or work with law firms that actually litigate the cases. Choose counsel wisely. The Rosen Law Firm represents investors worldwide, concentrating its practice in securities class actions and shareholder derivative litigation. Rosen Law Firm achieved the largest class action settlement ever against a Chinese company. Rosen Law Firm was ranked No. 1 by ISS Securities Class Action Services for number of securities class action settlements in 2017. The firm has been ranked in the top four every year since 2013 and has recovered hundreds of millions of dollars for investors. In 2019 alone, the firm secured over $438 million for investors. In 2020, founder Laurence Rosen was named a Titan of Plaintiffs’ Bar by Law360. Many of the firm’s attorneys have been recognized by Lawdragon and Super Lawyers.
CASE DETAILS: According to the lawsuit, throughout the Class Period, Defendants made false and/or misleading statements and/or failed to disclose that: (1) Teladoc continued to expand its marketing spend in 2023 despite public commitments that it would scale back its advertising spend; (2) increased marketing spend on BetterHelp, a division of the company and online counseling service, worsened Teladoc’s revenues, with little return on that investment; (3) despite Teladoc’s acknowledgment that increased advertising spend would be marginally inefficient due to market saturation, it continued to increase its advertising spend in the BetterHelp business; and (4) despite public statements that there was still “a long runway” for BetterHelp membership growth, BetterHelp membership stagnated and then declined in 2023, due to market saturation, largely due to BetterHelp’s own marketing. When the true details emerged, the lawsuit claims investors suffered damages.
To join the Teladoc class action, visit https://rosenlegal.com/submit-form/?case_id=6818 or call Phillip Kim, Esq. toll-free at 866-767-3653 or email [email protected] for information about the class action.
There is no class certified. Until a class is certified, you will not be represented by counsel unless you retain one. You may select counsel of your choice. You may also remain an absent class member and do nothing at this time. An investor’s ability to share in any future recovery is not contingent upon serving as lead plaintiff.
For updates, follow us on LinkedIn: https://www.linkedin.com/company/the-rosen-law-firm, on Twitter: https://twitter.com/rosen_firm or on Facebook: https://www.facebook.com/rosenlawfirm/.
Lawyer Advertisement. Previous results do not guarantee a similar outcome.
Contact details:
Laurence Rosen, Esq.
Phillip Kim, Esq.
The Law Firm of Rosen, PA
275 Madison Avenue, 40th Floor
New York, NY 10016
Phone: (212) 686-1060
Toll Free: (866) 767-3653
Faxes: (212) 202-3827
[email protected]
www.rosenlegal.com
