{"id":479624,"date":"2021-04-21T08:52:20","date_gmt":"2021-04-21T12:52:20","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/lifemd-inc-class-action-alert-wolf-haldenstein-adler-freeman-herz-llp-announces-that-a-securities-class-action-lawsuit-has-been-filed-in-the-united-states-district-court-for-the-southern-dist\/"},"modified":"2021-04-21T08:52:20","modified_gmt":"2021-04-21T12:52:20","slug":"lifemd-inc-class-action-alert-wolf-haldenstein-adler-freeman-herz-llp-announces-that-a-securities-class-action-lawsuit-has-been-filed-in-the-united-states-district-court-for-the-southern-dist","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/lifemd-inc-class-action-alert-wolf-haldenstein-adler-freeman-herz-llp-announces-that-a-securities-class-action-lawsuit-has-been-filed-in-the-united-states-district-court-for-the-southern-dist\/","title":{"rendered":"LIFEMD, INC. CLASS ACTION ALERT: Wolf Haldenstein Adler Freeman & Herz LLP announces that a securities class action lawsuit has been filed in the United States District Court for the Southern District of New York against LifeMD, Inc."},"content":{"rendered":"

\nLEAD PLAINTIFF DEADLINE IS JUNE 15, 2021
\n<\/h2>\n
\n

NEW YORK, April 21, 2021 (GLOBE NEWSWIRE) — Wolf Haldenstein Adler Freeman & Herz LLP <\/a> announces that a federal securities class action lawsuit has been filed in the United States District Court for the Southern District of New York on behalf of investors that purchased LifeMD, Inc. (NASDAQ: LFMD) securities between January 19, 2021 and April 13, 2021, inclusive (the \u201cClass Period\u201d).<\/p>\n

\n All investors who purchased shares of LifeMD, Inc.<\/strong>
\n and incurred losses are urged to contact the firm immediately at <\/strong>
\n
\n classmember@whafh.com<\/strong>
\n <\/a>
\n or (800) 575-0735 or (212) 545-4774. You may obtain additional information concerning the action or <\/strong>
\n
\n join the case<\/strong>
\n <\/a>
\n on our website, <\/strong>
\n
\n www.whafh.com.<\/strong>
\n <\/a>\n <\/p>\n

If you have incurred losses in your investment in LifeMD, Inc.<\/strong>, <\/strong>you may,<\/strong>no later than June 15, 2021, <\/strong>request that the Court appoint you lead plaintiff of the proposed class.\u00a0\u00a0 Please contact Wolf Haldenstein<\/a> to learn more about your rights as an investor in the shares of LifeMD, Inc.<\/p>\n

\n
\n CLICK HERE TO JOIN CASE<\/a>
\n <\/strong>\n <\/p>\n

On April 14, 2021, Culper Research issued a report alleging that \u201cLifeMD appears to use unlicensed doctors to dispense OTC medications, has implemented an auto shipping\/auto billing scheme, failed to honor guarantees, and put in place abusive telemarketing practices.\u201d<\/em> The report also alleged that several of the Company\u2019s executives were involved in \u201cwide ranging fraud\u201d<\/em> at Redwood Scientific, which was charged by the U.S. Federal Trade Commission for \u201cunlawful auto shipping, abusive telemarketing, and false claims.\u201d<\/em> Specifically, according to Culper Research, \u201cmany customers are effectively duped into purchasing subscriptions rather than one-time purchases\u201d<\/em> and LifeMD \u201cmakes cancellations difficult if not impossible.\u201d<\/em><\/p>\n

On this news, the Company\u2019s share price fell $2.84, or 24%, to close at $9.00 per share on April 14, 2021.<\/p>\n

\n Wolf Haldenstein<\/a>\u00a0has extensive experience in the prosecution of securities class actions and derivative litigation in state and federal trial and appellate courts across the country. The firm has attorneys in various practice areas; and offices in New York, Chicago and San Diego. The reputation and expertise of this firm in shareholder and other class litigation has been repeatedly recognized by the courts, which have appointed it to major positions in complex securities multi-district and consolidated litigation.<\/p>\n

If you wish to discuss this action or have any questions regarding your rights and interests in this case, please immediately contact Wolf Haldenstein<\/a> by telephone at (800) 575-0735, via e-mail at classmember@whafh.com<\/a>, or visit our website<\/a>.<\/p>\n

Contact:<\/p>\n

Wolf Haldenstein Adler Freeman & Herz LLP
Kevin Cooper, Esq.
Gregory Stone, Director of Case and Financial Analysis
Email: gstone@whafh.com<\/a>,\u00a0kcooper@whafh.com<\/a> or classmember@whafh.com<\/a>\u00a0
Tel: (800) 575-0735 or (212) 545-4774<\/p>\n

This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules.<\/p>\n


\n
\n \n <\/div>\n

<\/div>\n","protected":false},"excerpt":{"rendered":"

LEAD PLAINTIFF DEADLINE IS JUNE 15, 2021 NEW YORK, April 21, 2021 (GLOBE NEWSWIRE) — Wolf Haldenstein Adler Freeman & Herz LLP announces that a federal securities class action lawsuit has been filed in the United States District Court for the Southern District of New York on behalf of investors that purchased LifeMD, Inc. (NASDAQ: LFMD) securities between January 19, 2021 and April 13, 2021, inclusive (the \u201cClass Period\u201d). All investors who purchased shares of LifeMD, Inc. and incurred losses are urged to contact the firm immediately at classmember@whafh.com or (800) 575-0735 or (212) 545-4774. You may obtain additional information concerning the action or join the case on our website, www.whafh.com. If you have incurred losses in your investment in … <\/p>\n

Continue reading “LIFEMD, INC. CLASS ACTION ALERT: Wolf Haldenstein Adler Freeman & Herz LLP announces that a securities class action lawsuit has been filed in the United States District Court for the Southern District of New York against LifeMD, Inc.”<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-479624","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"\nLIFEMD, INC. 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You may obtain additional information concerning the action or join the case on our website, www.whafh.com. If you have incurred losses in your investment in … Continue reading "LIFEMD, INC. 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