GRABAR LAW OFFICE INVESTIGATES CLAIMS ON BEHALF OF SHAREHOLDERS OF TELADOC HEALTH, INC. (NYSE: TDOC)
What is Happening? Grabar Law Office is investigating claims on behalf of shareholders of Teladoc Health, Inc. (NYSE: TDOC). The investigation concerns whether the Company and certain of its officers and directors violated the federal securities laws and breached their fiduciary duties.
Teladoc Health, Inc. provides virtual healthcare services worldwide. It operates through Teladoc Health Integrated Care and BetterHelp segments. The Integrated Care segment offers virtual medical services, including general medical, expert medical services, specialty medical, chronic condition management, and mental health services, as well as technologies and enterprise telehealth solutions for hospitals and health systems. Its BetterHelp segment operates a mental health platform that provides online counselling and therapy services through websites, mobile applications, phones, and text-based interactions by its licensed clinicians. The company offers its products and services under the Teladoc and BetterHelp brands. It serves employers, health plans, hospitals and health systems, insurance companies, and financial services companies, as well as individual members.
If you purchased Teladoc Health, Inc. (NYSE: TDOC) stock prior to July 28, 2023, and still hold shares today, you can seek corporate reforms, the return of funds back to the Company, and a court approved incentive award at no cost you whatsoever. Please contact Joshua H. Grabar at jgrabar@grabarlaw.com, or call 267-507-6085 to learn more.
Why? On March 31, 2026, the United States District Court for the Southern District of New York denied in part defendants’ motion to dismiss an underlying securities fraud class action complaint against Teladoc Health, Inc. (NYSE: TDOC) and certain of its officers - and allowed certain securities fraud claims to proceed.
According to that complaint, Defendants made materially false and misleading statements and omissions to investors regarding BetterHelp’s customer acquisition costs and planned seasonal performance. Unbeknownst to investors, however, BetterHelp’s customer acquisition costs in the social media channel had materially increased because BetterHelp had saturated that channel. Thus, BetterHelp’s ad spend in the social media channel had become significantly more expensive, thereby materially reducing profits.
In allowing the underlying securities fraud class action to move forward, the Court determined that certain allegations presented by the suing investors also made it plausible the company knew about data the platform's customer acquisition costs were rising as early as July 2023, including statements from Murthy that leadership was monitoring BetterHelp's ad spend "hourly and daily." "Plaintiffs have adequately alleged defendants' comments and other circumstances plausibly plead an inference of scienter [knowing falsity or reckless disregard for the truth] for the actionable statements 'at least as compelling as any opposing inference one could draw from the facts alleged….”
What Can You Do Now? If you purchased or otherwise acquired Teladoc Health, Inc. (NYSE: TDOC) securities prior to January 28, 2023 and still hold shares today, please contact Joshua H. Grabar at jgrabar@grabarlaw.com, or call 267-507-6085. You can seek corporate reforms, the return of funds back to the Company, and a court approved incentive award at no cost you whatsoever.
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