A lawsuit was filed on behalf of investors in Teladoc Health, Inc. (NYSE:TDOC) shares over alleged securities laws violations.
San Diego, CA -- (SBWIRE) -- 01/07/2019 -- An investor, who purchased shares of Teladoc Health, Inc. (NYSE: TDOC), filed a lawsuit over alleged violations of Federal Securities Laws by Teladoc Health, Inc. in connection with certain allegedly false and misleading statements.
Investors who purchased shares of Teladoc Health, Inc. (NYSE: TDOC) have certain options and for certain investors are short and strict deadlines running. Deadline: February 11, 2019. NYSE: TDOC investors should contact the Shareholders Foundation at firstname.lastname@example.org or call +1(858) 779 - 1554.
The plaintiff claims that between March 3, 2016 and December 5, 2018, the Defendants made false and/or misleading statements and/or failed to disclose that Hirschhorn was engaged in an inappropriate sexual relationship with a subordinate, that Hirschhorn and this subordinate engaged in insider trading to provide themselves with undue benefits, that Hirschhorn caused the subordinate to receive promotions for which she was unqualified, thereby negatively impacting the Company's operations, that the Company's enforcement of its own purported employment and trading policies were inadequate to prevent the foregoing conduct, and that as a result, the Company's public statements were materially false and misleading at all relevant times
Purchased, NY based Teladoc Health, Inc. provides telehealth services worldwide. On December 5, 2018, an article was published reporting that Teladoc's CFO, Hirschhorn, had engaged "in an affair with . . . an employee many levels below him on the company's organizational chart." The article stated that "during their relationship, [the employee] received a series of promotions over colleagues with either more industry experience or better credentials that stunned her former colleagues." In addition, the article reported that the employee and Hirschhorn "liked to trade Teladoc Health's stock together," with Hirschhorn "tell[ing] her when he thought there were good opportunities to sell some shares."
Shares of Teladoc Health, Inc. (NYSE: TDOC) declined to $53.71 per share on December 6, 2018.
Those who purchased shares of Teladoc Health, Inc. (NYSE: TDOC) have certain options and should contact the Shareholders Foundation.
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