Investor Alert: Act Now on Hims & Hers Class Action Lawsuit
Investors who have suffered significant losses due to their investments in Hims & Hers Health, Inc. are urged to take immediate action. Kahn Swick & Foti, LLC (KSF), in partnership with former Louisiana Attorney General Charles C. Foti, Jr., is reminding those affected that they have until
August 25, 2025 to apply to be lead plaintiffs in ongoing securities class action lawsuits against the company. If you were a shareholder during the critical period from
April 29, 2025 to
June 23, 2025, you may be entitled to recover losses exceeding
$100,000.
Background of the Lawsuit
The lawsuits focus on claims against Hims & Hers that relate to the company's failure to disclose vital information affecting its stock valuation. Notably, on
June 23, 2025, Hims & Hers faced a substantial decline in its stock price, dropping
34.6% to close at
$41.98 per share. This dramatic fall was triggered by an announcement from Novo Nordisk that it was terminating its partnership with Hims, citing significant legal and ethical concerns regarding the company's compliance with federal regulations surrounding the marketing and sales of compounded drugs. Novo Nordisk revealed that Hims had failed to adhere to legal standards regarding the 'personalization' of drug sales and had engaged in misleading marketing practices that jeopardized patient safety.
As a direct result of this news, many investors experienced considerable financial losses. The class action lawsuits currently progressing through the
United States District Court for the Northern District of California aim to address these grievances. The first case filed is
Sookdeo v. Hims & Hers Health, Inc., followed by a subsequent case,
Yaghsizian v. Hims & Hers Health, Inc., which expanded the defined class period for affected investors.
What Investors Should Do
For those who purchased Hims securities during the stated class period and wish to explore their options regarding recovery for losses, it is crucial to act swiftly. Interested investors can reach
Lewis Kahn, KSF’s Managing Partner, for a free consultation. You can connect with Kahn at
1-877-515-1850 or via email at
email protected] Additionally, more information can be found on the KSF website at [https://www.ksfcounsel.com/cases/nyse-hims/.
About Kahn Swick & Foti, LLC
As a leading boutique securities litigation firm recognized nationally, KSF specializes in assisting both institutional and retail investors in seeking recoveries for losses due to corporate wrongdoing. Under the leadership of Charles C. Foti, Jr., KSF has established a reputation for success in securities class actions against publicly traded companies accused of fraud or malfeasance. The firm has multiple offices across the United States and also maintains a representative office in Luxembourg, highlighting its influential presence in securities litigation.
In conclusion, the window for financial recovery is closing. If you believe you qualify for participation in the Hims & Hers class action, do not hesitate to reach out to KSF before the
August 25, 2025 deadline. Timely action can make a difference in recovering your investment losses so you can protect your financial interests effectively.