Press release
Investigation announced for Long-Term Investors in Teladoc Health, Inc. (NYSE: TDOC) over potential Wrongdoing by certain directors
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 Teladoc continued to expand its marketing spend throughout 2023, despite public assurances that it would pull back its advertising spending, that increased marketing spend on BetterHelp deteriorated Teladoc's revenue, with little return for that investment, that despite Teladoc's acknowledgment that increased advertising spend would be marginally inefficient due to market saturation, it continued to grow its advertising spend in the BetterHelp business, and that despite public statements that there remained "a long runway" for BetterHelp membership growth, BetterHelp's membership stagnated and then decreased in 2023, due to market saturation, largely due to BetterHelp's own marketing.
Those who purchased shares of Teladoc Health, Inc. (NYSE: TDOC) 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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