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Deadline on October 11th coming up in Lawsuit for Investors in LifeStance Health Group, Inc. (NASDAQ: LFST)

09-30-2022 01:17 AM CET | Business, Economy, Finances, Banking & Insurance

Press release from: Shareholders Foundation

A Deadline is coming up on October 11, 2022 in the lawsuit for certain investors in LifeStance Health Group, Inc. (NASDAQ: LFST).

A Deadline is coming up on October 11, 2022 in the lawsuit for certain investors in LifeStance Health Group, Inc. (NASDAQ: LFST).

A deadline is coming up on October 11, 2022 in the lawsuit filed for certain investors of LifeStance Health Group, Inc. (NASDAQ: LFST) over alleged securities laws violations by LifeStance Health Group, Inc.

Investors who purchased shares of LifeStance Health Group, Inc. (NASDAQ: LFST) have certain options and there are strict and short deadlines running. Deadline: October 11, 2022. NASDAQ: LFST stockholders should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.

According to the complaint filed in the U.S. District Court for the Southern District of New York the plaintiff alleges on behalf of purchasers of LifeStance Health Group, Inc. (NASDAQ: LFST) common shares, that the defendants violated Federal Securities Laws. More specifically, the plaintiff claims that the Defendants failed to disclose to investors that the number of virtual visits clients were undertaking utilizing LifeStance Health Group, Inc. was decreasing as the COVID-19 lockdowns were being lifted, thereby flatlining the Company's out-patient/virtual revenue growth, that the percentage of in-person visits clients were undertaking utilizing LifeStance Health Group, Inc. was increasing as the COVID-19 lockdowns were being lifted, thereby causing the Company's operating expenses to increase substantially, that LifeStance Health Group, Inc. had lost a large number of physicians due to burn-out and, as a result, its physician retention rate had fallen significantly below the 87% highlighted in the Registration Statement and the Company had been expending additional costs to onboard new physicians who were less productive than the outgoing physicians they were replacing, and that as a result, Defendants' positive statements about the Company's business, operations, and prospects were materially misleading and/or lacked a reasonable basis at all relevant times.

Those who purchased shares of LifeStance Health Group, Inc. (NASDAQ: LFST) have certain options and should contact the Shareholders Foundation.

Contact:
Michael Daniels
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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