TELADOC HEALTH SHAREHOLDER ALE – GuruFocus.com
NEW ORLEANS, July 29, 2022 /PRNewswire/ — ClaimsFiler, a FREE shareholder information service, reminds investors that they have untilAugust 5, 2022 to file lead plaintiff claims in a securities class action lawsuit against Teladoc Health, Inc. (NYSE: TDOC), if they purchased the company’s securities between October 28, 2021 and April 27, 2022, inclusive (the “Class Period”). This action is in progress in United States District Court for the Southern District of New York.
Teladoc investors should visit us at https://claimsfiler.com/cases/nyse-tdoc/ or call toll-free (844) 367-9658. Kahn Swick & Foti, LLC attorneys are available to discuss your legal options.
About the trial
Teladoc and certain of its officers are accused of failing to disclose material information during the Class Period, in violation of federal securities laws.
On April 27, 2022the company disclosed a series of negative financial results, including revenue from $565.4 millionbelow consensus estimates of $3.23 millionnet loss per share of $41.58primarily due to a non-cash goodwill impairment charge of $6.6 billion Where $41.11 per share and revised revenue guidance for fiscal year 2022 $2.4 – $2.5 billion and the adjusted EBITDA forecast at $240 – $265 millionwhich the company has largely attributed to increased competition in its BetterHelp and chronic care businesses.
At this news, Teladoc shares fell $22.48 per share, i.e. 40.15%, to close at $33.51 per share on April 28, 2022.
The case is Schneider v. Teladoc Health, Inc., et al.no. 22-cv-04687.
ClaimsFiler has one mission: to serve as a source of information to help retail investors recoup their share of billions of dollars from securities class action settlements. At ClaimsFiler.com, investors can: (1) register for free access to information and settlement websites for various securities class action cases so that they can submit their own claims in a timely manner; (2) upload transactional data from their portfolio to be informed of relevant securities matters in which they may have a financial interest; and (3) submit inquiries to the law firm Kahn Swick & Foti, LLC for free case evaluations.
To learn more about ClaimsFiler, visit www.claimsfiler.com.
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SOURCE Claims Filer