The Schall Law Firm, a national shareholder rights litigation firm, announces that it is investigating claims on behalf of investors of Teladoc Health, Inc. (Teladoc Health or the Company) (NYSE: TDOC) for violations of §§10(b) and 20(a) of the Securities Exchange Act of 1934 and Rule 10b-5 promulgated thereunder by the U.S. Securities and Exchange Commission.
The investigation focuses on whether the Company issued false and/or misleading statements and/or failed to disclose information pertinent to investors. The Southern Investigative Research Foundation (SIRF) published an article on December 5, 2018, detailed an affair between Company CFO Mark Hirschhorn and an employee many levels below him on the companys organizational chart. The article states 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. The article also alleges that Hirschhorn and the employee he engaged in an affair with liked to trade Teladoc Healths stock together, with the CFO tell[ing] her when he thought there were good opportunities to sell some shares. Based on this news, shares of Teladoc Health fell more than 10% over the next few trading sessions.
If you are a shareholder who suffered a loss, click here to participate.
We also encourage you to contact Brian Schall, or Sherin Mahdavian, of the Schall Law Firm, 1880 Century Park East, Suite 404, Los Angeles, CA 90067, at 424-303-1964, to discuss your rights free of charge. You can also reach us through the firm’s website at www.schallfirm.com, or by email at [email protected].
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