BENSALEM, Pa.--(BUSINESS WIRE)--Law Offices of Howard G. Smith announces that a class action lawsuit has been filed on behalf of investors that purchased Teladoc Health Inc. (“Teladoc” or the “Company”) (NYSE: TDOC) securities between March 3, 2016, and December 5, 2018, inclusive (the “Class Period”). Teladoc investors have until February 11, 2019 to file a lead plaintiff motion.
Investors suffering losses on their Teladoc investments are encouraged to contact the Law Offices of Howard G. Smith to discuss their legal rights in this class action at 888-638-4847 or by email to firstname.lastname@example.org.
On December 5, 2018, the Southern Investigative Research Foundation (“SIRF”) published an article alleging that Teladoc’s Chief Financial Officer provided trading advice to a junior employee regarding Teladoc securities, telling her “when he thought there were good opportunities to sell some shares.” On this news, Teladoc’s share price fell more than 10%, closing at $55.81 per share on December 6, 2018, thereby injuring investors.
The complaint filed in this class action alleges that throughout the Class Period, Defendants made materially false and/or misleading statements and/or failed to disclose that: (1) Hirschhorn was engaged in an inappropriate sexual relationship with a subordinate; (2) Hirschhorn and this subordinate engaged in insider trading to provide themselves with undue benefits; (3) Hirschhorn caused the subordinate to receive promotions for which she was unqualified, thereby negatively impacting the Company's operations; (4) the Company's enforcement of its own purported employment and trading policies were inadequate to prevent the foregoing conduct; and (5) as a result, the Company's public statements were materially false and misleading at all relevant times.
If you purchased shares of Teladoc, have information or would like to learn more about these claims, or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Howard G. Smith, Esquire, of Law Offices of Howard G. Smith, 3070 Bristol Pike, Suite 112, Bensalem, Pennsylvania 19020 by telephone at (215) 638-4847, toll-free at (888) 638-4847, or by email to email@example.com, or visit our website at www.howardsmithlaw.com.
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