Investors can Contact the law firm free of charge to learn more about recovering their losses
LOS ANGELES, July 9, 2024 (GLOBE NEWSWIRE) — The Portnoy Law Firm advises investors of Teladoc Health, Inc. (“Teladoc” or the “Company”) (NYSE: TDOC) that a class action lawsuit has been filed on behalf of investors. Teladoc investors who lost money on their investment are encouraged to contact Lesley Portnoy, Esq.
Investors are encouraged to contact Attorney Lesley F. Portnoy by phone at 310-692-8883 or by email at [email protected] to discuss their legal claims, or click here to join the case at www.portnoylaw.com. The Portnoy Law Firm can provide a free case evaluation and discuss investors’ options for pursuing claims to recover their losses.
The lawsuit alleges that on February 20, 2024, Teladoc announced its fourth-quarter and full-year results for the period ending December 31, 2023. The announcement disclosed that Teladoc had experienced significantly less growth than previously forecast. The company also said it expected revenue declines for its BetterHelp segment, an online counseling service. Analysts attributed this trend to BetterHelp’s market saturation and increased advertising costs, which led to an increase in customer acquisition costs.
Following the release of the earnings report, TDOC shares fell $4.85/share, or 23.6%, overnight.
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The Portnoy Law Firm represents investors in claims arising from corporate malpractice. The firm’s founding partner has recovered more than $5.5 billion for injured investors. Attorney Advertising. Past results do not guarantee similar results.
Lesley F. Portnoy, Esq.
Admitted to the bar in California and New York
[email protected]
310-692-8883
www.portnoylaw.com
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