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HIMS INVESTOR DEADLINE: Hims & Hers Health, Inc. Investors with Substantial Losses Have Opportunity to Lead Securities Class Action Lawsuit
HimsHims(US:HIMS) Prnewswire·2025-08-08 11:50

Core Viewpoint - Hims & Hers Health, Inc. is facing a class action lawsuit due to allegations of deceptive practices related to the promotion and sale of illegitimate versions of the drug Wegovy, which has led to a significant drop in its stock price following the termination of its partnership with Novo Nordisk [1][3]. Group 1: Lawsuit Details - The class action lawsuit is titled Sookdeo v. Hims & Hers Health, Inc. and covers the period from April 29, 2025, to June 23, 2025 [1]. - The lawsuit alleges that Hims & Hers made false statements and failed to disclose risks associated with its collaboration with Novo Nordisk, particularly regarding patient safety [2]. - Novo Nordisk announced the termination of its partnership with Hims & Hers on June 23, 2025, citing deceptive practices, which resulted in a more than 34% decline in Hims & Hers stock price [3]. Group 2: Lead Plaintiff Process - Investors who purchased Hims & Hers securities during the class period can seek appointment as lead plaintiff, representing the interests of the class [4]. - The lead plaintiff is typically the investor with the greatest financial interest and must be typical and adequate of the class [4]. Group 3: Company Background - Hims & Hers is a telehealth company that offers prescription medications, over-the-counter medications, and personal care products [2]. - Robbins Geller Rudman & Dowd LLP, the law firm handling the case, is recognized for its success in securities fraud litigation, having recovered over $2.5 billion for investors in 2024 alone [5].