LOS ANGELES, Jan. 08, 2019 (GLOBE NEWSWIRE) — The Schall Law Firm, a national shareholder rights litigation firm, announces the filing of a class action lawsuit against Teladoc Health, Inc. (“Teladoc Health” or “the Company”) (NYSE: TDOC) for violations of §§10(b) and 20(a) of the Securities Exchange Act of 1934 and Rule 10b-5 promulgated thereunder by the U.S. Securities and Exchange Commission.
Investors who purchased the Company’s shares between March 3, 2016 and December 5, 2018, inclusive (the ”Class Period”), are encouraged to contact the firm before February 11, 2019.
If you are a shareholder who suffered a loss, click here to participate.
We also encourage you to contact Brian Schall, or Sherin Mahdavian, of the Schall Law Firm, 1880 Century Park East, Suite 404, Los Angeles, CA 90067, at 424-303-1964, to discuss your rights free of charge. You can also reach us through the firm’s website at www.schallfirm.com, or by email at firstname.lastname@example.org.
The class, in this case, has not yet been certified, and until certification occurs, you are not represented by an attorney. If you choose to take no action, you can remain an absent class member.
According to the Complaint, the Company made false and misleading statements to the market. Teladoc Health’s CFO and COO, Mark Hirschhorn, carried on an affair with a subordinate. Hirschhorn and his partner in the inappropriate sexual relationship engaged in insider trading to enrich themselves based on stock movement. Hirschhorn also caused the subordinate to receive promotions she was not qualified to receive, harming the Company’s performance. The Company’s internal controls and policies were not sufficient to detect and stop the behavior. Based on these facts, the Company’s public statements were false and materially misleading throughout the class period. When the market learned the truth about Teladoc Health, investors suffered damages.
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