NEW
YORK, Aug. 5, 2022 /PRNewswire/ -- Jakubowitz
Law announces that a securities fraud class action lawsuit has
commenced on behalf of shareholders of Teladoc Health, Inc. (NYSE:
TDOC).
To receive updates on the lawsuit, fill out the
form:
https://claimyourloss.com/securities/teladoc-health-inc-loss-submission-form/?id=30553&from=4
The lawsuit seeks to recover losses for shareholders who
purchased Teladoc between October 28,
2021 and April 27, 2022.
Shareholders interested in acting as a lead plaintiff
representing the class of wronged shareholders have until
August 5, 2022 to petition the
court. Your ability to share in any recovery doesn't require that
you serve as a lead plaintiff.
According to a filed complaint, Teladoc Health, Inc. issued
materially false and/or misleading statements and/or failed to
disclose that: (i) increased competition, among other factors, was
negatively impacting Teladoc's BetterHelp and chronic care
businesses; (ii) accordingly, the growth of those businesses was
less sustainable than Defendants had led investors to believe;
(iii) as a result, Teladoc's revenue and adjusted EBITDA
projections for FY 2022 were unrealistic; (iv) as a result of all
the foregoing, Teladoc would be forced to recognize a significant
non-cash goodwill impairment charge; and (v) as a result, the
Company's public statements were materially false and misleading at
all relevant times.
Jakubowitz Law is vigorous in pursuit of justice for
shareholders who have been the victim of securities fraud. Attorney
advertising. Prior results do not guarantee similar outcomes.
CONTACT:
JAKUBOWITZ LAW
1140 Avenue of the Americas
9th Floor
New York, New York 10036
T: (212) 867-4490
F: (212) 537-5887
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SOURCE Jakubowitz Law