Press release
Investigation announced for Investors in shares of LifeStance Health Group, Inc. (NASDAQ: LFST) over potential Wrongdoing
An investigation on behalf of investors in LifeStance Health Group, Inc. (NASDAQ: LFST) shares over potential wrongdoing.
Investors who purchased shares of LifeStance Health Group, Inc. (NASDAQ: LFST) 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 concerns whether certain LifeStance Health Group, Inc. directors breached their fiduciary duties and caused damage to the company and its shareholders.
Scottsdale, AZ based LifeStance Health Group, Inc., through its subsidiaries, provides outpatient mental health services. LifeStance Health Group, Inc. reported that its annual Total Revenue rose from $667.51 million in 2021 to $859.54 million in 2022, and that its Net Loss declined from $307.19 million in 2021 to $215.56 million in 2022.
On October 19, 2023, during market hours, The Bear Cave released a report entitled "Problems at LifeStance Health (LFST)". In this report, The Bear Cave stated that, through numerous Freedom of Information Act requests, it had uncovered "dozens of complaints concerning overbilling, fraudulent billing, and unfair and deceptive business practices." Further, "[a]fter reviewing the evidence", The Bear Cave stated that it "is left wondering whether LifeStance is a thriving therapy franchise or an illegal billing operation with therapy on the side."
Shares of LifeStance Health Group, Inc. (NASDAQ: LFST) declined from $9.50 per share on August 01, 2023, to as low as $5.11 per share on October 23, 2023.
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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