{"id":687856,"date":"2022-09-22T05:49:01","date_gmt":"2022-09-22T09:49:01","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/lfst-lawsuit-alert-levi-korsinsky-notifies-lifestance-health-group-inc-investors-of-a-class-action-lawsuit-and-upcoming-deadline-6\/"},"modified":"2022-09-22T05:49:01","modified_gmt":"2022-09-22T09:49:01","slug":"lfst-lawsuit-alert-levi-korsinsky-notifies-lifestance-health-group-inc-investors-of-a-class-action-lawsuit-and-upcoming-deadline-6","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/lfst-lawsuit-alert-levi-korsinsky-notifies-lifestance-health-group-inc-investors-of-a-class-action-lawsuit-and-upcoming-deadline-6\/","title":{"rendered":"LFST LAWSUIT ALERT: Levi &amp; Korsinsky Notifies LifeStance Health Group, Inc. Investors of a Class Action Lawsuit and Upcoming Deadline"},"content":{"rendered":"<div class=\"xn-newslines\">\n<p class=\"xn-distributor\">PR Newswire<\/p>\n<\/p><\/div>\n<div class=\"xn-content\">\n<p>\n        <span class=\"legendSpanClass\"><br \/>\n          <span class=\"xn-location\">NEW YORK<\/span><br \/>\n        <\/span>, <span class=\"legendSpanClass\"><span class=\"xn-chron\">Sept. 22, 2022<\/span><\/span> \/PRNewswire\/ &#8212; Levi &amp; Korsinsky, LLP notifies investors in <b>LifeStance Health Group, Inc.<\/b> (&#8220;LifeStance&#8221; or the &#8220;Company&#8221;) (NASDAQ: LFST) of a class action securities lawsuit.<\/p>\n<div class=\"PRN_ImbeddedAssetReference\" id=\"DivAssetPlaceHolder1\">\n<p>\n          <a href=\"https:\/\/mma.prnewswire.com\/media\/1687309\/LK_1920x1080_Logo.html\" target=\"_blank\" rel=\"nofollow noopener\"><br \/>\n            <img decoding=\"async\" src=\"https:\/\/mma.prnewswire.com\/media\/1687309\/LK_1920x1080_Logo.jpg\" title=\"Levi &amp; Korsinsky, LLP (PRNewsfoto\/Levi &amp; Korsinsky, LLP)\" alt=\"Levi &amp; Korsinsky, LLP (PRNewsfoto\/Levi &amp; Korsinsky, LLP)\" \/><br \/>\n          <\/a>\n        <\/p>\n<\/p><\/div>\n<p>\n        <b>CLASS DEFINITION: <\/b>The lawsuit seeks to recover losses on behalf of LifeStance investors who were adversely affected by alleged securities fraud. This lawsuit is on behalf of all purchasers of LifeStance common stock pursuant and\/or traceable to the documents issued in connection with LifeStance&#8217;s <span class=\"xn-chron\">June 10, 2021<\/span> initial public stock offering. Follow the link below to get more information and be contacted by a member of our team:<\/p>\n<p class=\"prntac\">\n        <a href=\"https:\/\/c212.net\/c\/link\/?t=0&amp;l=en&amp;o=3655863-3&amp;h=4114526323&amp;u=https%3A%2F%2Fwww.zlk.com%2Fpslra-1%2Flifestance-health-lawsuit-loss-submission-form%3Fprid%3D32006%26wire%3D4&amp;a=https%3A%2F%2Fwww.zlk.com%2Fpslra-1%2Flifestance-health-lawsuit-loss-submission-form%3Fprid%3D32006%26wire%3D4\" target=\"_blank\" rel=\"nofollow noopener\">https:\/\/www.zlk.com\/pslra-1\/lifestance-health-lawsuit-loss-submission-form?prid=32006&amp;wire=4<\/a>\n      <\/p>\n<p>\n        <b>LFST<\/b>\u00a0investors may also contact <span class=\"xn-person\">Joseph E. Levi, Esq.<\/span> via email at\u00a0<a href=\"mailto:jlevi@levikorsinsky.com\" target=\"_blank\" rel=\"nofollow noopener\">jlevi@levikorsinsky.com<\/a>\u00a0or by telephone at (212) 363-7500.<\/p>\n<p>\n        <b>CASE DETAILS: <\/b>The filed complaint alleges that defendants made false statements and\/or concealed that: (i) the number of virtual visits clients were undertaking utilizing LifeStance Health was decreasing as the COVID-19 lockdowns were being lifted, thereby flatlining LifeStance Health&#8217;s out-patient\/virtual revenue growth; (ii) the percentage of in-person visits clients were undertaking utilizing LifeStance Health was increasing as the COVID-19 lockdowns were being lifted, thereby causing LifeStance Health&#8217;s operating expenses to increase substantially; (iii) LifeStance Health had lost a large number of physicians due to burn-out and, as a result, its physician retention rate had fallen significantly below the 87% highlighted in the initial public offering&#8217;s registration statement, and LifeStance Health had been expending additional costs to onboard new physicians who were less productive than the outgoing physicians they were replacing; and (iv) as a result, LifeStance Health&#8217;s business metrics and financial prospects were not as strong as the initial public offering&#8217;s registration statement represented.<\/p>\n<p>\n        <b>WHAT&#8217;S NEXT? <\/b>If you suffered a loss in LifeStance during the relevant time frame, you have until <b><span class=\"xn-chron\">October 11, 2022<\/span><\/b>\u00a0to request that the Court appoint you as lead plaintiff. Your ability to share in any recovery doesn&#8217;t require that you serve as a lead plaintiff.<\/p>\n<p>\n        <b>NO COST TO YOU: <\/b>If you are a class member, you may be entitled to compensation without payment of any out-of-pocket costs or fees. <b>There is no cost or obligation to participate.<\/b><\/p>\n<p>\n        <b>WHY LEVI &amp; KORSINSKY: <\/b>Over the past 20 years, the team at Levi &amp; Korsinsky has secured hundreds of millions of dollars for aggrieved shareholders and built a track record of winning high-stakes cases. Our firm has extensive expertise representing investors in complex securities litigation and a team of over 70 employees to serve our clients. For seven years in a row, Levi &amp; Korsinsky has ranked in ISS Securities Class Action Services&#8217; Top 50 Report as one of the top securities litigation firms in <span class=\"xn-location\">the United States<\/span>.<\/p>\n<p>\n        <b>CONTACT:<\/b><br \/>\n        <br \/>Levi &amp; Korsinsky, LLP <br \/><span class=\"xn-person\">Joseph E. Levi, Esq.<\/span><br \/><span class=\"xn-person\">Ed Korsinsky, Esq.<\/span><br \/>55 Broadway, 10th Floor<br \/><span class=\"xn-location\">New York, NY<\/span> 10006<br \/><a href=\"mailto:jlevi@levikorsinsky.com\" target=\"_blank\" rel=\"nofollow noopener\">jlevi@levikorsinsky.com<\/a><br \/>Tel: (212) 363-7500<br \/>Fax: (212) 363-7171<br \/><a href=\"https:\/\/c212.net\/c\/link\/?t=0&amp;l=en&amp;o=3655863-3&amp;h=3903092824&amp;u=http%3A%2F%2Fwww.zlk.com&amp;a=www.zlk.com\" target=\"_blank\" rel=\"nofollow noopener\">www.zlk.com<\/a><\/p>\n<div class=\"PRN_ImbeddedAssetReference\" id=\"DivAssetPlaceHolder2\"><\/div>\n<p id=\"PURL\">\n        <img loading=\"lazy\" decoding=\"async\" title=\"Cision\" width=\"12\" height=\"12\" alt=\"Cision\" src=\"https:\/\/c212.net\/c\/img\/favicon.png?sn=NY81017&amp;sd=2022-09-22\" \/> View original content to download multimedia:<a id=\"PRNURL\" rel=\"nofollow noopener\" href=\"https:\/\/www.prnewswire.com\/news-releases\/lfst-lawsuit-alert-levi--korsinsky-notifies-lifestance-health-group-inc-investors-of-a-class-action-lawsuit-and-upcoming-deadline-301630469.html\" target=\"_blank\">https:\/\/www.prnewswire.com\/news-releases\/lfst-lawsuit-alert-levi&#8211;korsinsky-notifies-lifestance-health-group-inc-investors-of-a-class-action-lawsuit-and-upcoming-deadline-301630469.html<\/a><\/p>\n<p>SOURCE  Levi &amp; Korsinsky, LLP<\/p>\n<\/p><\/div>\n<p>    <img decoding=\"async\" alt=\"\" src=\"https:\/\/rt.prnewswire.com\/rt.gif?NewsItemId=NY81017&amp;Transmission_Id=202209220545PR_NEWS_USPR_____NY81017&amp;DateId=20220922\" style=\"border:0px;width:1px;height:1px\" \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>PR Newswire NEW YORK , Sept. 22, 2022 \/PRNewswire\/ &#8212; Levi &amp; Korsinsky, LLP notifies investors in LifeStance Health Group, Inc. (&#8220;LifeStance&#8221; or the &#8220;Company&#8221;) (NASDAQ: LFST) of a class action securities lawsuit. CLASS DEFINITION: The lawsuit seeks to recover losses on behalf of LifeStance investors who were adversely affected by alleged securities fraud. This lawsuit is on behalf of all purchasers of LifeStance common stock pursuant and\/or traceable to the documents issued in connection with LifeStance&#8217;s June 10, 2021 initial public stock offering. Follow the link below to get more information and be contacted by a member of our team: https:\/\/www.zlk.com\/pslra-1\/lifestance-health-lawsuit-loss-submission-form?prid=32006&amp;wire=4 LFST\u00a0investors may also contact Joseph E. Levi, Esq. via email at\u00a0jlevi@levikorsinsky.com\u00a0or by telephone at (212) 363-7500. CASE DETAILS: &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/lfst-lawsuit-alert-levi-korsinsky-notifies-lifestance-health-group-inc-investors-of-a-class-action-lawsuit-and-upcoming-deadline-6\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;LFST LAWSUIT ALERT: Levi &amp; Korsinsky Notifies LifeStance Health Group, Inc. Investors of a Class Action Lawsuit and Upcoming Deadline&#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-687856","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.6 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>LFST LAWSUIT ALERT: Levi &amp; Korsinsky Notifies LifeStance Health Group, Inc. Investors of a Class Action Lawsuit and Upcoming Deadline - 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\/lfst-lawsuit-alert-levi-korsinsky-notifies-lifestance-health-group-inc-investors-of-a-class-action-lawsuit-and-upcoming-deadline-6\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"LFST LAWSUIT ALERT: Levi &amp; Korsinsky Notifies LifeStance Health Group, Inc. Investors of a Class Action Lawsuit and Upcoming Deadline - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"PR Newswire NEW YORK , Sept. 22, 2022 \/PRNewswire\/ &#8212; Levi &amp; Korsinsky, LLP notifies investors in LifeStance Health Group, Inc. (&#8220;LifeStance&#8221; or the &#8220;Company&#8221;) (NASDAQ: LFST) of a class action securities lawsuit. CLASS DEFINITION: The lawsuit seeks to recover losses on behalf of LifeStance investors who were adversely affected by alleged securities fraud. This lawsuit is on behalf of all purchasers of LifeStance common stock pursuant and\/or traceable to the documents issued in connection with LifeStance&#8217;s June 10, 2021 initial public stock offering. Follow the link below to get more information and be contacted by a member of our team: https:\/\/www.zlk.com\/pslra-1\/lifestance-health-lawsuit-loss-submission-form?prid=32006&amp;wire=4 LFST\u00a0investors may also contact Joseph E. Levi, Esq. via email at\u00a0jlevi@levikorsinsky.com\u00a0or by telephone at (212) 363-7500. CASE DETAILS: &hellip; Continue reading &quot;LFST LAWSUIT ALERT: Levi &amp; Korsinsky Notifies LifeStance Health Group, Inc. 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Investors of a Class Action Lawsuit and Upcoming Deadline - Market Newsdesk","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.marketnewsdesk.com\/index.php\/lfst-lawsuit-alert-levi-korsinsky-notifies-lifestance-health-group-inc-investors-of-a-class-action-lawsuit-and-upcoming-deadline-6\/","og_locale":"en_US","og_type":"article","og_title":"LFST LAWSUIT ALERT: Levi &amp; Korsinsky Notifies LifeStance Health Group, Inc. Investors of a Class Action Lawsuit and Upcoming Deadline - Market Newsdesk","og_description":"PR Newswire NEW YORK , Sept. 22, 2022 \/PRNewswire\/ &#8212; Levi &amp; Korsinsky, LLP notifies investors in LifeStance Health Group, Inc. (&#8220;LifeStance&#8221; or the &#8220;Company&#8221;) (NASDAQ: LFST) of a class action securities lawsuit. CLASS DEFINITION: The lawsuit seeks to recover losses on behalf of LifeStance investors who were adversely affected by alleged securities fraud. This lawsuit is on behalf of all purchasers of LifeStance common stock pursuant and\/or traceable to the documents issued in connection with LifeStance&#8217;s June 10, 2021 initial public stock offering. Follow the link below to get more information and be contacted by a member of our team: https:\/\/www.zlk.com\/pslra-1\/lifestance-health-lawsuit-loss-submission-form?prid=32006&amp;wire=4 LFST\u00a0investors may also contact Joseph E. Levi, Esq. via email at\u00a0jlevi@levikorsinsky.com\u00a0or by telephone at (212) 363-7500. CASE DETAILS: &hellip; Continue reading \"LFST LAWSUIT ALERT: Levi &amp; Korsinsky Notifies LifeStance Health Group, Inc. 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