#USA #Class Action #Los Angeles #Securities Fraud #LifeMD

LifeMD Shareholders Offered Chance to Join Class Action

In a recent development, shareholders of LifeMD, Inc. (NASDAQ: LFMD) who have incurred financial losses are now presented with a unique opportunity to spearhead a class action lawsuit centered around allegations of securities fraud. The Law Offices of Frank R. Cruz has officially announced this significant initiative, aiming to prioritize the interests of investors who feel wronged by the company's actions.

The Basis for the Lawsuit

The complaint emphasizes that between May 7, 2025, and August 5, 2025, the defendants associated with LifeMD failed to provide accurate information that misled investors about the company's standing. Key aspects of the allegation include:
1. Overstated Competitive Position: The lawsuit asserts that LifeMD grossly exaggerated its competitive position within the market, which significantly misrepresented the company's actual capabilities.
2. Misleading Financial Guidance: The company allegedly raised its 2025 financial guidance without accurately considering increasing customer acquisition costs, particularly in its RexMD segment, which specializes in obesity treatment drugs like Wegovy and Zepbound. This was deemed a reckless decision by the defendants.
3. False Positive Statements: The statement further claims that the positive remarks made by the defendants regarding LifeMD’s operations, business potential, and overall prospects were not only misleading but lacked a reasonable foundation at the time they were made.

Act Now to Join the Class Action

For investors affected by these issues, there is a deadline for participation in the class action lawsuit. Individuals must act before October 27, 2025, to ensure their opportunity to join in this legal endeavor. Interested parties can take the initiative by contacting the Law Offices of Frank R. Cruz for more details on how to proceed.

If you're contemplating participation, you do not need to take immediate action to join the class. An investor can still consult their own legal counsel or decide to remain an absent member of this class action suit.

How to Get Involved

To learn more about the lawsuit or to determine your rights and options, you can reach out to the Law Offices of Frank R. Cruz. You can obtain assistance or updates through:

• - Email: [email protected]
• - Phone: 310-914-5007
• - Website: www.frankcruzlaw.com

In your inquiries, be sure to include your contact information, including your mailing address, phone number, and the number of shares you purchased in LifeMD to ensure accurate assistance.

A Reminder of Attorney Advertising Regulations

It is crucial to note that this press release might be classified as attorney advertising in some jurisdictions, adhering to local legal standards and ethical practices.

As the judicial process unfolds, investors holding stakes in LifeMD should remain vigilant and informed regarding their rights and options concerning this emerging class action lawsuit. While the landscape of securities fraud can often seem daunting, with proactive engagement, shareholders can ensure they don’t miss this crucial opportunity to seek recompense.