Shareholder Alert: Robbins Arroyo LLP Reminds Investors Teladoc Health, Inc. (TDOC) Sued for Misleading Investors

Shareholder rights law firm Robbins Arroyo LLP reminds investors that a purchaser of Teladoc Health TDOC has filed a shareholder derivative complaint against the company's officers and directors for breaches of fiduciary duties, unjust enrichment, abuse of control, gross mismanagement, and violations of the Securities Exchange Act of 1934 between March 3, 2016 and the present. Teladoc Health is a virtual care solution company that connects people with medical practitioners.

If you suffered a loss as a result of Teladoc's misconduct, click here.

Teladoc's Officers and Directors Accused of Failing to Disclose Conduct Violations to Investors

According to the complaint, Teladoc's executives allowed multiple violations that hurt the company, including an inappropriate relationship between an executive and lower-level employee, insider trading, harassment of the Company's employees, and retaliation against a whistleblower. Teladoc executives breached their fiduciary duties by misleading shareholders through materially false statements that failed to disclose this inappropriate activity and their lack of enforcement of Teladoc's conduct policies. In December 2018, Southern Investigative Reporting Foundation published an article that revealed all of Teladoc executives' violations. On this news, Teladoc stock fell $4.00, over 6.5%, to close at $55.81. As a result of their materially false and misleading statements, the CEO and CFO have been named as defendants in a securities fraud class action lawsuit that Teladoc is required to defend, further injuring shareholders.

Teladoc Health, Inc. (TDOC) Shareholders Have Legal Options

Contact us to learn more:
Leonid Kandinov
(800) 350-6003
LKandinov@robbinsarroyo.com
Shareholder Information Form

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. Click Here to receive free alerts from Stock Watch when companies engage in wrongdoing.

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