SAN DIEGO, May 17, 2024 (GLOBE NEWSWIRE) -- Robbins Geller Rudman & Dowd LLP announces that the Teladoc class action lawsuit seeks to represent purchasers or acquirers of Teladoc Health, Inc. (NYSE:TDOC) stock between November 2, 2022 and February 20, 2024, inclusive (the "Class Period"). Captioned Stary v. Teladoc Health, Inc., No. 24-cv-03849 (S.D.N.Y.), the Teladoc class action lawsuit charges Teladoc and certain of Teladoc's top current and former executives with violations of the Securities Exchange Act of 1934.
If you suffered substantial losses and wish to serve as lead plaintiff of the Teladoc class action lawsuit, please provide your information here:
https://www.rgrdlaw.com/cases-teladoc-health-inc-class-action-tdoc.html
You can also contact attorneys J.C. Sanchez or Jennifer N. Caringal of Robbins Geller by calling 800/449-4900 or via e-mail at info@rgrdlaw.com.
CASE ALLEGATIONS: Teladoc provides online, direct-to-consumer health service services. BetterHelp is Teladoc's largest division and contributes the Company's greatest revenue share, contributing about 42% of overall revenue.
The Teladoc class action lawsuit alleges that defendants throughout the Class Period made false and/or misleading statements and/or failed to disclose that: (i) Teladoc continued to expand its marketing spend throughout 2023, despite public assurances that it would pull back its advertising spending; (ii) increased marketing spend on BetterHelp deteriorated Teladoc's ...