SHAREHOLDER ALERT: The Pomerantz Law Firm announces the filing of a class action lawsuit against Teladoc Health Inc.

NEW YORK, May 30, 2024 /PRNewswire/ — Pomerantz LLP announces that a class action lawsuit has been filed against Teladoc Health Inc. (“Teladoc” or the “Company”) (NYSE: TDOC). Investors are advised to Danielle Peyton at (email protected) or 646-581-9980 (or 888.4-POMLAW), toll-free, extension 7980. For inquiries by email, you will be asked to provide your mailing address, telephone number and the number of shares purchased.

The class action lawsuit concerns whether Teladoc and certain of its officers and/or directors engaged in securities transactions Fraud or other unlawful business practices.

You have until July 16, 2024to ask the Court to appoint you as lead plaintiff for the class if you are a shareholder who purchased or otherwise acquired Teladoc securities during the Class Period. A copy of the complaint is available atT www.pomerantzlaw.com.

(Click here for information on joining the class action lawsuit.)

At February 20, 2024Teladoc filed its 2023 annual report with the U.S. Securities and Exchange Commission and held a conference call to discuss the company’s results. Among other things, Teladoc reported significantly higher advertising costs in the annual report, reporting advertising and marketing expenses of approximately $1.5 billion. 668.854 million US dollarscompared to 623.536 million US dollars in 2022. Teladoc attributed the increase to “higher digital and media advertising costs related to BetterHelp,” the company’s online mental health counseling platform and its largest division. Teladoc also announced that BetterHelp’s revenue increased by 1 million US dollars compared to the previous year and by 10 million US dollars between the third and fourth quarters of 2023. Teladoc also reported that BetterHelp lost members for two consecutive quarters despite the company’s increased advertising spending.

Following this news, Teladoc’s share price fell $4.85 per share or 23.67% and closed at $15.64 per share on February 21, 2024.

Pomerantz LLP, with offices in new York, Chicago, Los Angeles, London, ParisAnd Tel-Avivis considered one of the leading law firms in the areas of corporate, securities and antitrust litigation. Founded by the late Abraham L. PomerantzKnown as the dean of class action lawyers, Pomerantz was a pioneer in the field of securities class action litigation. Today, more than 85 years later, Pomerantz continues the tradition he established and fights for the rights of victims of securities class action litigation. FraudBreach of fiduciary duty and corporate misconduct. The firm has won billions of dollars in damages on behalf of class action plaintiffs. See www.pomlaw.com.

Attorney advertising. Past results do not guarantee similar results.

CONTACT:
Danielle Peyton
Pomerantz LLP
(email protected)
646-581-9980 extension 7980

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