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TDOC.US
id: 1227

Teladoc Health (TDOC) Missed Projections Case

S.D. New York
Court
1:24-cv-03849
Case number
02 Nov 2022
Class period Start
20 Feb 2024
Class period End
16 Jul 2024
Lead Plaintiff motion deadline
  • $TDOC stockholder filed a claim vs. Teladoc Health missing growth estimates for Q4'24 and FY 2024.
  • On February 21, 2024, announcement of weak 2023 results caused $TDOC to fall 23.6%, losing $822M+ in shareholder value.
  • Teladoc investors can join this case to be notified about potential recovery.
On February 20, 2024, Teladoc disclosed that
it failed to reduce marketing spending in 2023, despite previouly announced plans;
it increased marketing spending on its largest division BetterHelp, with little return for that investment;
contrary to Company's expectations, BetterHelp’s membership stagnated and then decreased in 2023;
Teladoc’s revenue compared to 2022 and Q4 to Q3 was well below expectations.

On this news, $TDOC fell 23.6%, losing $822M+ in shareholder value.

Considering all the representations, investors have reasons to suspect that Teladoc Health overstated its 2023 prospects.

One of the investors has already filed a class action against Teladoc in S.D. of New York court for failing to timely disclose the setbacks in its 2023 operations.
Case Status
Lead Plaintiff Submission
Alleged Offence
Misleading Statements
Failure to Disclose
Omissions
Suspected Party
Directors
Management
Security Type
Stocks
Trade Direction
Long
Shock Event Date
21 February 2024
Filing date
17 May 2024
Lead Plaintiff Deadline
16 July 2024
Collecting participants…