#USA #New York #Class Action #Gross Law Firm #LifeMD

LifeMD Shareholders Urged to Act on Class Action Notice

Recent developments surrounding LifeMD, Inc. have drawn the attention of shareholders who experienced financial losses. The Gross Law Firm, a nationally recognized class action law firm, has issued an urgent notice encouraging these shareholders to connect with them regarding a pending class action lawsuit against the company. This comes after significant allegations surfaced, suggesting that LifeMD and its executives presented misleading information to investors during a critical period.

Class Action Overview

The announcement from The Gross Law Firm specifically targets shareholders who purchased shares of LifeMD (NASDAQ: LFMD) during the class period between May 7, 2025, and August 5, 2025. Throughout this timeframe, it is alleged that the company's management made materially false statements regarding its business operations and growth prospects, contributing to inflated stock valuations.

Allegations Against LifeMD

The complaint indicates a series of misstatements made by the defendants, claiming that they overstated LifeMD's competitive position. Particularly, concerns were raised about the company's 2025 guidance, which appeared optimistic without a suitable basis.

The firm asserts that LifeMD failed to adequately account for increasing customer acquisition costs, particularly within its RexMD segment and for drugs aimed at treating obesity—e.g., Wegovy and Zepbound. These oversights could have misled investors, creating a false perception of profitability and growth potential.

Important Deadlines

For those impacted, time is of the essence. The deadline to register for inclusion in the class action is set for October 25, 2025. The Gross Law Firm emphasizes that shareholders should not delay in registering their information to be part of this case. Once registered, shareholders will also be enrolled in a monitoring platform, which provides status updates on the case's progression.

Joining the Class Action

It is important to note that appointment as a lead plaintiff, while advantageous for some, is not a prerequisite for individuals who wish to participate in any recovery. Shareholders can register their interest through The Gross Law Firm’s official online platform:
Registration Link.

Why Engage with The Gross Law Firm?

The Gross Law Firm is dedicated to defending the rights of investors impacted by fraudulent practices. Their commitment to corporate accountability and good practices underscores their mission to recover losses on behalf of shareholders who have been misled. Investors are encouraged to take action by exploring their options and understanding their rights under this class action framework.

Conclusion

In light of the troubling allegations surrounding LifeMD, shareholders who have suffered losses are urged to reach out to The Gross Law Firm promptly. This class action presents an opportunity for recovery for those affected by what may be considered deceptive corporate conduct. The time to act is now, as the deadline approaches and the implications of the case unfold.

For any further inquiries or legal advice regarding this matter, shareholders can contact The Gross Law Firm at:

Contact Information:
The Gross Law Firm
15 West 38th Street, 12th Floor
New York, NY, 10018
Email: [email protected]
Phone: (646) 453-8903