{"id":499684,"date":"2021-05-28T08:03:40","date_gmt":"2021-05-28T12:03:40","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/plaintiffs-in-shareholder-suits-drop-claims-against-lifemd\/"},"modified":"2021-05-28T08:03:40","modified_gmt":"2021-05-28T12:03:40","slug":"plaintiffs-in-shareholder-suits-drop-claims-against-lifemd","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/plaintiffs-in-shareholder-suits-drop-claims-against-lifemd\/","title":{"rendered":"Plaintiffs in Shareholder Suits Drop Claims Against LifeMD"},"content":{"rendered":"<h2>\nCases voluntarily dismissed; company remains focused on growth, increasing access to healthcare via telemedicine<br \/>\n<\/h2>\n<div class=\"mw_release\">\n<p align=\"left\">NEW YORK, May  28, 2021  (GLOBE NEWSWIRE) &#8212; <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=iPDehBlI3ZxqlE4Lvmaq1HRdmuRZHxE5Va9e__VHDuw93QGj1sZvud_AvKTksW_TVrjMr2Aye9VrsdO5dkVVVw==\" rel=\"nofollow noopener\" target=\"_blank\">LifeMD, Inc.<\/a> (\u201cthe Company\u201d) (NASDAQ: LFMD), a leading direct-to-patient telehealth company, announced today that all shareholder suits filed against the company have been voluntarily dismissed. The two cases \u2013 <em>Owens v. LifeMD <\/em>(Case No. 1:21-cv-03384-PAC) and <em>Cho v. LifeMD<\/em> (Case No. 1:21-cv-04004-PAC) \u2013 were both filed in the U.S. District Court for the Southern District of New York last month.<\/p>\n<p>\u201cWe are pleased that these meritless class-action suits have been withdrawn. We remain laser-focused on using technology to make healthcare more accessible and affordable for people from all walks of life,\u201d said Justin Schreiber, LifeMD\u2019s Chairman and CEO. \u201cWe pursue our mission with transparency and integrity \u2013 always putting our patients first \u2013 and we\u2019re very proud of that.\u201d<\/p>\n<p>The <em>Owens<\/em> and <em>Cho<\/em> plaintiffs\u2019 law firms filed the notices of voluntary dismissal on May 18 and 19, respectively, court records show.<\/p>\n<p>\n        <strong>About\u00a0LifeMD<\/strong><br \/>\n        <br \/>LifeMD, Inc. is a rapidly growing direct-to-patient, telehealth company, offering cash-pay virtual medical care across all 50 states. LifeMD\u2019s telemedicine platform enables virtual access to affordable and convenient medical treatment from licensed providers and, when appropriate, prescription medications and over-the-counter products delivered directly to the patient&#8217;s home. \u00a0To learn more, visit www.LifeMD.com<\/p>\n<p>\n        <strong>Cautionary Note Regarding Forward Looking Statements<\/strong><br \/>\n        <br \/>This news release includes forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, as amended, regarding, among other things our plans, strategies and prospects &#8212; both business and financial. While we believe that our plans, intentions and expectations reflected in or suggested by these forward-looking statements are reasonable, we cannot assure you that we will achieve or realize these plans, intentions or expectations. Forward-looking statements are inherently subject to risks, uncertainties and assumptions. Many of the forward-looking statements contained in this news release may be identified by the use of forward-looking words such as &#8220;believe,&#8221; &#8220;expect,&#8221; &#8220;anticipate,&#8221; &#8220;should,&#8221; &#8220;planned,&#8221; &#8220;will,&#8221; &#8220;may,&#8221; &#8220;intend,&#8221; &#8220;estimated,&#8221; and &#8220;potential,&#8221; among others. Important factors that could cause actual results to differ materially from the forward-looking statements we make in this news release include market conditions and those set forth in reports or documents that we file from time to time with the United States Securities and Exchange Commission. All forward-looking statements attributable to LifeMD, Inc. or a person acting on its behalf are expressly qualified in their entirety by this cautionary language.<\/p>\n<p>\n        <strong>Company Contact<\/strong>\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0<br \/>LifeMD, Inc.\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0<br \/>Marc Benathen, CFO<br \/><a href=\"https:\/\/www.globenewswire.com\/Tracker?data=iAwtGaTtQbilEPhhmqk6XMPFuLKwFLrpSa_ALIY7d47F1K4lDqOVTT5wcSsi1C4io4sm8YANSChX1eLRFMHT6u8uGdu-dp8R74G1FgFDmQs=\" rel=\"nofollow noopener\" target=\"_blank\">Email Contact<\/a><\/p>\n<p>\n        <strong>Investor Relations Contact<\/strong><br \/>\n        <br \/>Ashley Robinson<br \/>LifeSci Advisors, LLC<br \/><a href=\"https:\/\/www.globenewswire.com\/Tracker?data=RLLLP91_o0xN1RbKYemNlgWgbPI-W4KuG_W3oysKDtyFXOW7WRpoemWjUxKt-1OKAIjJfOpID995JFtYQhwJZN6ZCyRsPmgD4Uizb6y8Qi0=\" rel=\"nofollow noopener\" target=\"_blank\">arr@lifesciadvisors.com<\/a><\/p>\n<p \/>\n      <img loading=\"lazy\" decoding=\"async\" class=\"__GNW8366DE3E__IMG\" src=\"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=ODI0NDk0NyM0MjA2OTk5IzIwMTkzNTc=\" width=\"1\" height=\"1\" \/><br \/>\n      <br \/>\n      <img loading=\"lazy\" decoding=\"async\" class=\"__GNW8366DE3E__IMG\" src=\"https:\/\/ml.globenewswire.com\/release\/track\/aef8ae7f-a409-4f36-8c76-0dc67b3bdf66\" width=\"1\" height=\"1\" \/>\n    <\/div>\n<div class=\"mw_contactinfo\"><\/div>\n","protected":false},"excerpt":{"rendered":"<p>Cases voluntarily dismissed; company remains focused on growth, increasing access to healthcare via telemedicine NEW YORK, May 28, 2021 (GLOBE NEWSWIRE) &#8212; LifeMD, Inc. (\u201cthe Company\u201d) (NASDAQ: LFMD), a leading direct-to-patient telehealth company, announced today that all shareholder suits filed against the company have been voluntarily dismissed. The two cases \u2013 Owens v. LifeMD (Case No. 1:21-cv-03384-PAC) and Cho v. LifeMD (Case No. 1:21-cv-04004-PAC) \u2013 were both filed in the U.S. District Court for the Southern District of New York last month. \u201cWe are pleased that these meritless class-action suits have been withdrawn. We remain laser-focused on using technology to make healthcare more accessible and affordable for people from all walks of life,\u201d said Justin Schreiber, LifeMD\u2019s Chairman and CEO. &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/plaintiffs-in-shareholder-suits-drop-claims-against-lifemd\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Plaintiffs in Shareholder Suits Drop Claims Against LifeMD&#8221;<\/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-499684","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.4 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Plaintiffs in Shareholder Suits Drop Claims Against LifeMD - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/plaintiffs-in-shareholder-suits-drop-claims-against-lifemd\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Plaintiffs in Shareholder Suits Drop Claims Against LifeMD - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"Cases voluntarily dismissed; company remains focused on growth, increasing access to healthcare via telemedicine NEW YORK, May 28, 2021 (GLOBE NEWSWIRE) &#8212; LifeMD, Inc. (\u201cthe Company\u201d) (NASDAQ: LFMD), a leading direct-to-patient telehealth company, announced today that all shareholder suits filed against the company have been voluntarily dismissed. The two cases \u2013 Owens v. LifeMD (Case No. 1:21-cv-03384-PAC) and Cho v. LifeMD (Case No. 1:21-cv-04004-PAC) \u2013 were both filed in the U.S. District Court for the Southern District of New York last month. \u201cWe are pleased that these meritless class-action suits have been withdrawn. We remain laser-focused on using technology to make healthcare more accessible and affordable for people from all walks of life,\u201d said Justin Schreiber, LifeMD\u2019s Chairman and CEO. &hellip; Continue reading &quot;Plaintiffs in Shareholder Suits Drop Claims Against LifeMD&quot;\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.marketnewsdesk.com\/index.php\/plaintiffs-in-shareholder-suits-drop-claims-against-lifemd\/\" \/>\n<meta property=\"og:site_name\" content=\"Market Newsdesk\" \/>\n<meta property=\"article:published_time\" content=\"2021-05-28T12:03:40+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=ODI0NDk0NyM0MjA2OTk5IzIwMTkzNTc=\" \/>\n<meta name=\"author\" content=\"Newsdesk\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Newsdesk\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/plaintiffs-in-shareholder-suits-drop-claims-against-lifemd\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/plaintiffs-in-shareholder-suits-drop-claims-against-lifemd\\\/\"},\"author\":{\"name\":\"Newsdesk\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/#\\\/schema\\\/person\\\/482f27a394d4fda80ecb5499e519d979\"},\"headline\":\"Plaintiffs in Shareholder Suits Drop Claims Against LifeMD\",\"datePublished\":\"2021-05-28T12:03:40+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/plaintiffs-in-shareholder-suits-drop-claims-against-lifemd\\\/\"},\"wordCount\":439,\"image\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/plaintiffs-in-shareholder-suits-drop-claims-against-lifemd\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.globenewswire.com\\\/newsroom\\\/ti?nf=ODI0NDk0NyM0MjA2OTk5IzIwMTkzNTc=\",\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/plaintiffs-in-shareholder-suits-drop-claims-against-lifemd\\\/\",\"url\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/plaintiffs-in-shareholder-suits-drop-claims-against-lifemd\\\/\",\"name\":\"Plaintiffs in Shareholder Suits Drop Claims Against LifeMD - 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(\u201cthe Company\u201d) (NASDAQ: LFMD), a leading direct-to-patient telehealth company, announced today that all shareholder suits filed against the company have been voluntarily dismissed. The two cases \u2013 Owens v. LifeMD (Case No. 1:21-cv-03384-PAC) and Cho v. LifeMD (Case No. 1:21-cv-04004-PAC) \u2013 were both filed in the U.S. District Court for the Southern District of New York last month. \u201cWe are pleased that these meritless class-action suits have been withdrawn. We remain laser-focused on using technology to make healthcare more accessible and affordable for people from all walks of life,\u201d said Justin Schreiber, LifeMD\u2019s Chairman and CEO. &hellip; Continue reading \"Plaintiffs in Shareholder Suits Drop Claims Against LifeMD\"","og_url":"https:\/\/www.marketnewsdesk.com\/index.php\/plaintiffs-in-shareholder-suits-drop-claims-against-lifemd\/","og_site_name":"Market Newsdesk","article_published_time":"2021-05-28T12:03:40+00:00","og_image":[{"url":"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=ODI0NDk0NyM0MjA2OTk5IzIwMTkzNTc=","type":"","width":"","height":""}],"author":"Newsdesk","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Newsdesk","Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/plaintiffs-in-shareholder-suits-drop-claims-against-lifemd\/#article","isPartOf":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/plaintiffs-in-shareholder-suits-drop-claims-against-lifemd\/"},"author":{"name":"Newsdesk","@id":"https:\/\/www.marketnewsdesk.com\/#\/schema\/person\/482f27a394d4fda80ecb5499e519d979"},"headline":"Plaintiffs in Shareholder Suits Drop Claims Against LifeMD","datePublished":"2021-05-28T12:03:40+00:00","mainEntityOfPage":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/plaintiffs-in-shareholder-suits-drop-claims-against-lifemd\/"},"wordCount":439,"image":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/plaintiffs-in-shareholder-suits-drop-claims-against-lifemd\/#primaryimage"},"thumbnailUrl":"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=ODI0NDk0NyM0MjA2OTk5IzIwMTkzNTc=","inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/plaintiffs-in-shareholder-suits-drop-claims-against-lifemd\/","url":"https:\/\/www.marketnewsdesk.com\/index.php\/plaintiffs-in-shareholder-suits-drop-claims-against-lifemd\/","name":"Plaintiffs in Shareholder Suits Drop Claims Against LifeMD - 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