Kirby McInerney LLP Reminds Teladoc Health, Inc. (TDOC) Investors of Class Action Filing and Encourages Investors to Contact the Firm
Teladoc(TDOC) GlobeNewswire News Room·2024-06-03 22:00
The lawsuit alleges that Teladoc made false and/or materially misleading statements regarding the operations, prospects, and growth of BetterHelp. Specifically, (1) Teladoc continued to expand its marketing spend throughout 2023, despite public assurances that it would pull back its advertising spend; (2) increased marketing spend on BetterHelp deteriorated the Company's revenue, with little return for that investment; and (3) despite the Company's acknowledgment that increased advertising spend would be ma ...