Robbins Arroyo LLP: Teladoc Health, Inc. (TDOC) Misled Shareholders According to Class Action
SAN DIEGO & PURCHASE, N.Y.--(BUSINESS WIRE)--Dec 19, 2018--Shareholder rights law firm Robbins Arroyo LLP announces that purchasers of Teladoc Health, Inc. (NYSE: TDOC) filed a class action complaint against the company’s officers and directors for alleged violations of the Securities Exchange Act of 1934 between March 3, 2016 and December 5, 2018. Teladoc provides telehealth services worldwide.
View this information on the law firm’s Shareholder Rights Blog: https://www.robbinsarroyo.com/teladoc-health-inc/
Teladoc Health’s CFO Accused of Engaging in Inappropriate Relationships and Insider Trading
According to the complaint, Mark Hirschorn, Executive Vice President, Chief Operating Officer, and Chief Financial Officer of Teladoc Health engaged in an inappropriate sexual relationship with a subordinate many levels below him, engaged in insider trading with the subordinate, and caused the subordinate to receive a series of unqualified promotions. On December 5, 2018, the truth came out when the Southern Investigative Research Foundation published an article reporting the inappropriate conduct. Following the publication, Teladoc’s stock price fell sharply by $4.00, or 6.79%, to close at $55.81.
Teladoc Health Shareholders Have Legal Options
Concerned shareholders who would like more information about their rights and potential remedies can contact attorney Leonid Kandinov at (800) 350-6003, LKandinov@robbinsarroyo.com, or via the shareholder information form on the firm’s website.
Robbins Arroyo LLP is a nationally recognized leader in shareholder rights law. The firm represents individual and institutional investors in shareholder derivative and securities class action lawsuits, and has helped its clients realize more than $1 billion of value for themselves and the companies in which they have invested.
Attorney Advertising. Past results do not guarantee a similar outcome.
View source version on businesswire.com:https://www.businesswire.com/news/home/20181219005852/en/
CONTACT: Leonid Kandinov
Robbins Arroyo LLP
600 B Street, Suite 1900
San Diego, CA 92101
(619) 525-3990 or Toll Free (800) 350-6003
KEYWORD: CALIFORNIA NEW YORK UNITED STATES NORTH AMERICA
INDUSTRY KEYWORD: LEGAL PROFESSIONAL SERVICES
SOURCE: Robbins Arroyo LLP
Copyright Business Wire 2018.
PUB: 12/19/2018 05:12 PM/DISC: 12/19/2018 05:13 PM