Important Notice for LifeMD, Inc. Shareholders
The Gross Law Firm has issued a crucial alert for shareholders of LifeMD, Inc. (NASDAQ: LFMD). If you bought shares between May 7, 2025, and August 5, 2025, it is imperative that you reach out to the firm by
October 25, 2025, to discuss your rights regarding possible legal actions. This is especially significant as the firm is looking to appoint lead plaintiffs for a class action suit related to several allegations against the company.
Background of the Claims
During the specified class period, numerous complaints have been filed alleging that the executives of LifeMD, Inc. made materially false and misleading statements regarding the company's competitive position and financial performance. Specifically, the allegations point out that:
1.
Overstated Competitive Position: LifeMD's management is accused of exaggerating the company’s standing in the market, misguiding investors about its sustainability and growth potential.
2.
Reckless Financial Projections: The executives reportedly raised the company’s guidance for 2025 without properly accounting for increased costs associated with customer acquisition, particularly those connected to their RexMD segment and its offerings, including obesity treatment medications like Wegovy and Zepbound.
3.
Misleading Operations and Prospects: As a result of these misleading communications, stakeholders were led to hold false beliefs about the viability and future prospects of LifeMD.
These allegations paint a concerning picture for investors and highlight the necessity of legal awareness and strategic action.
Registration and Participation
Shareholders are encouraged to register and provide their information to be notified about the ongoing status of the case. By doing so, they will gain access to portfolio monitoring software that offers continuous updates throughout the litigation process. Importantly, while seeking a lead plaintiff status is recommended for a more influential position in the case, it is not mandatory to engage in the class action recovery initiative.
Key Deadlines
- - Registration Deadline: October 25, 2025
- - This deadline serves as a crucial point in potentially recouping losses incurred due to these alleged corporate missteps.
It’s vital for shareholders to take action promptly, as delays could hinder their ability to participate in any possible recovery.
Why Choose The Gross Law Firm?
The Gross Law Firm has established itself as a reputable class action law firm on a national scale, focusing on protecting investors’ rights. They have a strong history of fighting against corporate malpractices and ensuring accountability. Through diligence and legal expertise, the firm strives to hold companies responsible for providing precise and honest information to their investors.
Conclusion
If you are a shareholder of LifeMD, Inc. who acquired shares during the time frame noted, do not hesitate to contact The Gross Law Firm. Your right to seek justice and recover any losses is paramount, and swift action is essential. For further information and to register, please visit their official
website.
Contact Information
The Gross Law Firm
15 West 38th Street, 12th Floor
New York, NY 10018
Email: [email protected]
Phone: (646) 453-8903