|Company Name||LifeMD, Inc.|
|Class Period||January 19, 2021 to April 13, 2021|
|Motion Deadline||June 15, 2021|
The Thornton Law Firm alerts investors that a class action lawsuit has been filed on behalf of investors of LifeMD, Inc. (NASDAQ: LFMD). The case is currently in the lead plaintiff stage. Investors who purchased LFMD stock or other securities between January 19, 2021 and April 13, 2021 may contact the Thornton Law Firm’s investor protection team by submitting their information above. Investors may also email email@example.com or call 617-531-3917.
The case alleges that LifeMD and its senior executives made misleading statements to investors and failed to disclose that: (1) many of LifeMD’s executives were associated with Redwood Scientific Technologies, Inc. when it was charged for unlawful autoshipping, abusive telemarketing, and false claims, and that they employed similar practices at LifeMD; (2) LifeMD engaged in autoshipping products to unwilling customers to record recurring revenue and LifeMD made it difficult to cancel such subscriptions; (3) certain of the purportedly licensed physicians on LifeMD’s platform were not in fact licensed and faced disciplinary action; and (4) as a result of the foregoing practices, LifeMD was reasonably likely to face regulatory scrutiny and reputational harm.
Interested LifeMD investors have until June 15, 2021 to retain counsel and apply to be a lead plaintiff if they are interested to do so. Investors do not need to be a lead plaintiff in order to be a class member. A lead plaintiff acts on behalf of all other investor class members in managing the class action. If investors choose to take no action, they can remain an absent class member. The class has not yet been certified. Until certification occurs, investors are not represented by an attorney.
Thornton Law Firm’s securities attorneys are highly experienced in representing investors in recovering damages caused by violations of the securities laws. Its attorneys have established track records litigating securities cases in courts throughout the country and recovering losses on behalf of investors. This may be considered Attorney Advertising in some jurisdictions. Prior results do not guarantee or predict a similar outcome with respect to any future matter.
A class action lawsuit has been filed on behalf of investors in LifeMD, Inc. (LFMD) securities.
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