Headline: Moore Kuehn, PLLC Encourages Investors of Talkspace, Inc. to Contact Law Firm
Location: New York, NY, US
Post Date: Sep 23, 2022 11:13 AM
TAG ID: pznews387794
DocID: 202209238652472-en.xml
Word Count: approx. 240 words
 
 
Full story:
Moore Kuehn, PLLC Encourages Investors of Talkspace, Inc. to Contact Law Firm

NEW YORK, Sept. 23, 2022 (GLOBE NEWSWIRE) -- Moore Kuehn, PLLC, a securities law firm located on Wall Street, is investigating whether certain officers and directors of Talkspace, Inc. (NASDAQ: TALK) breached their fiduciary duties to shareholders. According to a federal securities lawsuit, Talkspace insiders caused the company to make false and/or misleading statements and/or failed to disclose, among other things, that (i) Talkspace was experiencing significantly increased online advertising costs in its B2C business since the start of 2021; (ii) Talkspace was experiencing lower conversion rates in its online advertising in its B2C business; (iii) Talkspace was experiencing increased customer acquisition costs and more tepid B2C demand than represented to investors; (iv) Talkspace was suffering from ballooning customer acquisition costs and worsening growth and gross margin trends; (v) Talkspace had overvalued its accounts receivables from certain of its health plan clients in its B2B business, which amounts required adjustment downward; and (vi) as a result, Talkspace's 2021 financial guidance was not achievable and lacked any reasonable basis in fact. If you currently own TALK please contact�Justin Kuehn, Esq.�by email at�jkuehn@moorekuehn.com�or telephone at (212) 709-8245.� There is no cost to you.� Moore Kuehn is a�New York-based law firm with attorneys representing investors and consumers. Please visit�http://www.moorekuehn.com/practice/new-york-shareholder-derivative-litigation/ Attorney advertising. Prior results do not guarantee similar outcomes. Moore Kuehn, PLLCJustin Kuehn, Esq.30 Wall Street, 8th�FloorNew York, New York�10005jkuehn@moorekuehn.com�(212) 709-8245

 
Please login to download this Story