Le Lézard
Classified in: Covid-19 virus
Subject: ATY

LIFESTANCE HEALTH SHAREHOLDER ALERT: CLAIMSFILER Reminds Investors with Losses in Excess of $100,000 of Lead Plaintiff Deadline in Class Action Lawsuit Against LifeStance Health Group, Inc. - LFST


NEW ORLEANS, Aug. 12, 2022 /PRNewswire/ -- ClaimsFiler, a FREE shareholder information service, reminds investors that they have until October 11, 2022 to file lead plaintiff applications in a securities class action lawsuit against LifeStance Health Group, Inc. (NasdaqGS: LFST), if they purchased or acquired the Company's Class A common stock pursuant and/or traceable to the Company's June 2021 initial public offering (the "IPO"). This action is pending in the United States District Court for the Southern District of New York.

Get Help

LifeStance investors should visit us at https://claimsfiler.com/cases/nasdaq-lfst/ or call toll-free (844) 367-9658. Lawyers at Kahn Swick & Foti, LLC are available to discuss your legal options.

About the Lawsuit

LifeStance and certain of its executives are charged with failing to disclose material information in its IPO Registration Statement, violating federal securities laws. 

The alleged false and misleading statements and omissions include, but are not limited to, that: (i) the Company's out-patient/virtual revenue growth was negatively affected by a decrease in virtual visits after COVID-19 lockdowns were lifted; (ii) an increasing number of in-person visits post-lockdown resulted in substantial increases to operating expenses; (iii) its physician retention rate had fallen significantly below the 87% highlighted in the IPO's registration statement leading to additional costs to bring on new physicians, who were less productive than the outgoing physicians they were replacing; and (iv) as a result, LifeStance Health's business metrics and financial prospects were not as strong as the IPO's registration statement represented.

The case is Nayani v. LifeStance Health Group, Inc., No. 22-cv-06833.

About ClaimsFiler

ClaimsFiler has a single mission: to serve as the information source to help retail investors recover their share of billions of dollars from securities class action settlements. At ClaimsFiler.com, investors can: (1) register for free to gain access to information and settlement websites for various securities class action cases so they can timely submit their own claims; (2) upload their portfolio transactional data to be notified about relevant securities cases in which they may have a financial interest; and (3) submit inquiries to the Kahn Swick & Foti, LLC law firm for free case evaluations.

To learn more about ClaimsFiler, visit www.claimsfiler.com.

SOURCE ClaimsFiler


These press releases may also interest you

at 12:37
A clear majority in the GCC, North Africa and the Levant (64%) say democracy in the region will never work, despite two-thirds of Arab youth saying they have more freedoms because of the Arab SpringWhile perceptions of the United States as an ally of...

at 12:35
The "Precision Aquaculture Market Research Report by Offering (Hardware, Services, and Software), System Type, Application, Region (Americas, Asia-Pacific, and Europe, Middle East & Africa) - Global Forecast to 2027 - Cumulative Impact of COVID-19"...

at 12:30
The "Baby Diapers Global Market Report 2022, By Type, By Size, By Age Group, By Distribution Channel" report has been added to ResearchAndMarkets.com's offering. This report provides strategists, marketers and senior management with the critical...

at 12:30
Get Real Health, a member of the CPSI family of companies and a provider of comprehensive patient engagement tools, joins client University Hospital Southampton NHS Foundation Trust (UHSFT) in announcing the eight-year anniversary of Get Real...

at 12:25
The "Global Smart City Market Research and Forecast 2022-2028" report has been added to ResearchAndMarkets.com's offering. The global smart city market is anticipated to grow at a CAGR of around 18.1% during the forecast period. Companies Mentioned...

at 12:20
The "Global Alternative Online Payment Methods 2022" report has been added to ResearchAndMarkets.com's offering. After the spread of the COVID-19 pandemic, alternative payment methods have come to be more frequently used, specifically digital...



News published on 12 august 2022 at 22:50 and distributed by: