Virtual care company Teladoc may be facing another class action lawsuit filed on behalf of Teladoc investors who claim the company made false or misleading statements and failed to disclose that it continued to increase marketing spending, particularly regarding its mental health offering BetterHelp.
The lawsuit, Stary v. Teladoc Health, Inc. et al., was filed on May 17 in the U.S. District...
A federal judge dismissed a securities class-action lawsuit filed against virtual care company Teladoc Health pertaining to its $18.5 billion merger with chronic care company Livongo.
The complaint, originally filed by shareholder Jeremy Schneider in 2022 on behalf of parties that purchased Teladoc shares between Feb. 2021 and July 2022, alleged the virtual care company's representatives misled...
Teletherapy company Talkspace is facing a class action lawsuit alleging it misled investors about the company's financials in the run-up to its merger with a special purpose acquisition company.
The suit, filed Jan. 7, alleges investors weren't informed that Talkspace was seeing significantly increased advertising costs in its direct-to-consumer business, and it was seeing lower conversion rates...
A California federal judge will hear out allegations that Fitbit’s heart rate monitoring technology is inaccurate – which have warranted class action suits both for potential danger to users and misrepresentation to investors.
Last week, judge Susan Illston denied the fitness wearable company’s request to dismiss the allegations of a federal securities class action, which claim Fitbit was...
Nike and Apple have agreed to settle a class action lawsuit, first filed two years ago, that claimed the companies made misleading statements about the Nike+ FuelBand's ability to track calories, steps, and NikeFuel. The lawsuit also argued that there was a failure to honor the warranty terms for Nike+ FuelBand.
Nike and Apple deny these allegations, but according to the settlement, in order to...
Updated below with statement from Fitbit.
A California man has filed a class action suit against Fitbit, alleging that the company's sleep tracking is inaccurate and constitutes false advertising. The timing of the suit, just days after the announcement of Fitbit's plans for an IPO, is suspect, but the premise of the case is important.
James Brickman, who bought a Fitbit Flex in 2013, doesn't...
