Teladoc Health Requests to Dismiss Class Action Filed by Investors

Court: S.D. New York

Case: 7:24-cv-03849

Teladoc Health has requested the court to dismiss the lawsuit filed by investors. The court will determine whether the case proceeds.

What is this lawsuit about?

On February 20, 2024, Teladoc disclosed significant setbacks, including failing to reduce marketing spending in 2023 as planned, increased spending on BetterHelp with minimal returns, stagnation and decline in BetterHelp’s membership, and lower-than-expected revenue compared to 2022.

Following this, TDOC dropped 23.6%.

Then, on May 17, 2024, shareholders filed a claim against Teladoc Health.

What can you do to recover your losses now?

We’re keeping track of all updates and will notify TDOC investors about potential recovery.

More than 600 companies are currently facing securities class action lawsuits, and over 100 are already paying settlements. Connect your brokerage account to automatically check which ones you may have missed.