Levi & Korsinsky Notifies Teladoc Health, Inc. Investors of Class Action Lawsuit and Upcoming Deadline

NEW YORK, July 9, 2024 /PRNewswire/ — Levi & Korsinsky, LLP Notifies Investors in Teladoc Health, Inc. (“Teladoc” or the “Company”) (NYSE: TDOC) in connection with a securities class action lawsuit.

CLASS DEFINITION: The lawsuit seeks to recover losses on behalf of Teladoc investors who suffered adverse effects alleged securities fraud between November 2, 2022 AND February 20, 2024. Click the link below for more information and to contact a member of our team:

TDOC investors can also contact Joseph E. Levi, Attorney at Law by e-mail to the address (email protected) or by phone at (212) 363-7500.

CASE DETAILS: Complaint filed claims that defendants made false statements and/or concealed that: (1) Teladoc continued to increase marketing expenses throughout 2023, despite public assurances that it would phase out advertising expenses; (2) increased marketing expenses for BetterHelp, a division of the company and its online counseling service, hurt Teladoc’s revenues, yielding little return on that investment; (3) despite Teladoc’s recognition that the increased advertising expenses would be slightly ineffective due to market saturation, it continued to increase advertising expenses in its BetterHelp business; and (4) despite public statements that there remained a “long runway” for BetterHelp membership growth, BetterHelp membership stagnated and then declined in 2023 due to market saturation, due in large part to BetterHelp’s own marketing. When the true details emerged, the lawsuit claims that investors suffered damages.

WHAT’S NEXT? If you have suffered a loss in Teladoc during the relevant period, you have until July 16, 2024 to ask the Court to appoint you as lead plaintiff. Your ability to share in any recovery does not require that you serve as lead plaintiff.

FREE: If you are a class member, you may be entitled to compensation without having to pay any costs or out-of-pocket fees. Participation in the program is free and involves no obligations.

WHY LEVI & KORSINSKY: For the past 20 years, Levi & Korsinsky has secured hundreds of millions of dollars for injured shareholders and has built a history of winning high-stakes cases. Our firm has extensive experience representing investors in complex securities disputes and a team of more than 70 attorneys who serve our clients. For seven consecutive years, Levi & Korsinsky has been ranked in the ISS Securities Class Action Services Top 50 Report as one of the top securities litigation firms in the nation. United States.

Levi & Korsinsky, a partnership
Joseph E. Levi, Attorney at Law
Ed Korsinsky, attorney
33 Whitehall Street, 17th Floor
New York, NY 10004
(email protected)
Phone: (212) 363-7500
Fax: (212) 363-7171

SOURCE Levi & Korsinsky, LLP