Press release
Investigation announced for Investors in Teladoc Health, Inc. (NYSE: TDOC) over potential Wrongdoing
An investigation on behalf of current long term investors in Teladoc Health, Inc. (NYSE: TDOC) shares.
Investors who are current long term investors in Teladoc Health, Inc. (NYSE: TDOC) shares, have certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.
The investigation by a law firm for current long term investors in NYSE: TDOC stocks follows a lawsuit filed against Teladoc Health, Inc. over alleged securities laws violations. The investigation on behalf of current long term investors in NYSE: TDOC stocks, concerns whether certain Teladoc Health, Inc. directors are liable in connection with the allegations made in that lawsuit.
According to that complaint filed in the U.S. District Court for the Southern District of New York the plaintiff alleges that the Defendants made false and/or misleading statements and/or failed to disclose that increased competition, among other factors, was negatively impacting Teladoc's BetterHelp and chronic care businesses, that accordingly, the growth of those businesses was less sustainable than Defendants had led investors to believe, that as a result, Teladoc's revenue and adjusted EBITDA projections for FY 2022 were unrealistic, that as a result of all the foregoing, Teladoc would be forced to recognize a significant non-cash goodwill impairment charge, and that as a result, the Company's public statements were materially false and misleading at all relevant times.
Those who purchased shares of Teladoc Health, Inc. (NYSE: TDOC) have certain options and should contact the Shareholders Foundation.
Contact:
Christopher Clausen
Shareholders Foundation, Inc.
3111 Camino Del Rio North
Suite 423
San Diego, CA 92108
Tel: +1-(858)-779-1554
E-Mail: mail@shareholdersfoundation.com
About Shareholders Foundation, Inc.
The Shareholders Foundation, Inc. is a professional portfolio monitoring and settlement claim filing service, and an investor advocacy group, which does research related to shareholder issues and informs investors of securities lawsuits, settlements, judgments, and other legal related news to the stock/financial market. Shareholders Foundation, Inc. is in contact with a large number of shareholders and offers help, support, and assistance for every shareholder. The Shareholders Foundation, Inc. is not a law firm. Referenced cases, investigations, and/or settlements are not filed/initiated/reached and/or are not related to Shareholders Foundation. The information is provided as a public service. It is not intended as legal advice and should not be relied upon.
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