TALK News | TALK Stock | Talkspace Inc News (#TALK) Shareholders Class Action Lawsuit Talkspace
Posted by FraudNewsWire
March 10, 2022

Deadline πŸ‘‰ March 8, 2022 TALK News | TALK Stock | Talkspace Inc News (#TALK) Shareholders Class Action Lawsuit Talkspace Inc

Talkspace and Talkspace Stock News Today

The lawsuit (Talkspace Class Action Lawsuit), filed in the Southern District of New York, seeks to recover shareholders’ losses with NO out-of-pocket cost.

Talkspace Class Action Lawsuit (TALK Lawsuit)

The class action alleges that:

(i) Hudson Executive Investment Corporation (“H E I C”) had overstated its competitive advantage and due diligence capabilities with respect to identifying and effectuating a merger with target companies.

(ii) H E I C had conducted inadequate due diligence into then-private, pre-Merger Talkspace, or else ignored and/or failed to disclose multiple red flags concerning then-private, pre-Merger Talkspace’s business and operations.

(iii) Talkspace was experiencing significantly increased online advertising costs in its B2C business since the beginning of 2021; (iv) Talkspace was experiencing lower conversion rates in its online advertising in its B2C business.

(iv) Talkspace was experiencing lower conversion rates in its online advertising in its B2C business.

(v) As a result of (iii) and (iv) Talkspace was experiencing increased customer acquisition costs and more tepid B2C demand than represented to investors.

(vi) As a result of (iii)-(v) Talkspace was suffering from ballooning customer acquisition costs and worsening growth and gross margin trends.

(vii) Talkspace had overvalued its accounts receivables from certain of its health plan clients in its B2B business, which amounts required adjustment downward; and (viii) as a result of (iii)-(vii) Talkspace’s 2021 financial guidance was not achievable and lacked any reasonable basis in fact.

Investors who suffered losses on Talkspace shares, only have until March 8, 2022 to request that the court appoint you as a lead plaintiff. Acting as a lead plaintiff is not a requirement to participate in monetary recovery, but you must meet the deadline to be considered as a lead plaintiff.

One law office is fighting for shareholders rights in this court case and that is New York based law firm Vincent Wong. Below this video is a link to register your details and losses.

Vincent Wong Esq Law Offices is here to assist you to register click here πŸ‘‰

The Law Offices of Vincent Wong is a highly experienced corporate and securities firm concentrating in mergers and acquisitions, corporate finance, and securities law. We represent individual shareholders, private equity funds and investment banks in a variety of corporate transactional and litigation matters. Prior results do not guarantee similar outcomes, and this video may be considered attorney advertising under the laws of your state.

Talkspace and Talkspace Stock News Today

Keep track of your shares through our program partner, at no cost to you. Register on CORE. Join more than 150K users and protect your portfolio πŸ‘‰
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