New Class Action Lawsuit Filed Against LifeMD for Misleading Statements and Securities Fraud
LifeMD Faces Class Action Amid Allegations of Securities Fraud
LifeMD (NASDAQ: LFMD), a telehealth services provider, is currently the target of a federal class action lawsuit alleging securities fraud. The lawsuit, initiated by Hagens Berman Sobol Shapiro LLP, accuses LifeMD of providing misleading information regarding its financial performance and growth prospects, which has led to significant losses for investors.
Background on the Case
Filed in the Eastern District of New York, the lawsuit centers around a critical period from May 7 to August 5, 2025. It claims that LifeMD issued false and misleading statements, particularly during its earnings report on May 6, 2025. At this time, the company touted strong financial results, optimistic revenue projections, and a supposedly robust business strategy, including what it described as a
Topics Health）
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