Rosen Law Firm, a global investor rights law firm, announces it is investigating potential securities claims on behalf of shareholders of Teladoc Health Inc. (NYSE: TDOC) resulting from allegations that Teladoc Health may have issued materially misleading business information to the investing public.
On December 5, 2018, the Southern Investigative Research Foundation (SIRF) published an article reporting that Teladoc Healths chief financial officer, Mark Hirschhorn, had engaged in an affair with . . . an employee many levels below him on the companys organizational chart. The SIRF article continued that during their relationship, [the employee] received a series of promotions over colleagues with either more industry experience or better credentials that stunned her former colleagues. In addition, the SIRF article reported that the employee and Hirschhorn liked to trade Teladoc Healths stock together, with Hirschhorn tell[ing] her when he thought there were good opportunities to sell some shares. Following this news, Teledoc Healths stock price fell $6.40 per share or approximately 10.7% over the next two trading days to close at $53.41 per share on December 7, 2018.
Rosen Law Firm is preparing a class action lawsuit to recover losses suffered by Teledoc Health investors. If you purchased shares of Teledoc Health please visit the firms website at https://www.rosenlegal.com/cases-1469.html to join the class action. You may also contact Phillip Kim or Zachary Halper of Rosen Law Firm toll free at 866-767-3653 or via email at [email protected] or [email protected].
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Rosen Law Firm represents investors throughout the globe, concentrating its practice in securities class actions and shareholder derivative litigation. Rosen Law Firm was Ranked No. 1 by ISS Securities Class Action Services for number of securities class action settlements in 2017. The firm has been ranked in the top 3 each year since 2013.
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Laurence Rosen, Esq.
Phillip Kim, Esq.
The Rosen Law Firm, P.A.
275 Madison Avenue, 34th
New York, NY 10016
Tel: (212) 686-1060
Fax: (212) 202-3827