HIMS ALERT: Levi & Korsinsky Files Class Action Against Hims & Hers Health for Securities Fraud

A recent securities fraud class action lawsuit has been filed against Hims & Hers Health, Inc. by Levi & Korsinsky. The lawsuit seeks to represent shareholders who purchased or otherwise acquired Hims & Hers securities between January 4, 2025, and February 17, 2025. The deadline for investors to file a lead plaintiff motion in the lawsuit is August 25, 2025.

The lawsuit alleges that Hims & Hers made false and misleading statements regarding their business operations and prospects. Specifically, the complaint claims that Hims & Hers failed to disclose that they were experiencing a significant decline in retention rates of their customers. This decline in retention rates was attributed to the company’s inability to attract and retain customers due to increased competition in the telehealth industry.

As a result of these alleged false and misleading statements, Hims & Hers securities traded at artificially inflated prices during the class period. Once the truth about the company’s declining retention rates and competitive challenges was revealed to the market, the price of Hims & Hers securities dropped significantly, causing investors to suffer losses.

If you are a shareholder of Hims & Hers Health, Inc. and wish to participate in the class action lawsuit, you must act before the August 25, 2025, deadline. You do not need to take any action at this time to be a part of the lawsuit. However, if you wish to serve as a lead plaintiff, you must file a motion with the court by the deadline.

Investors who purchased Hims & Hers securities during the class period and suffered financial losses as a result of the alleged securities fraud may be eligible to seek compensation. The class action lawsuit aims to recover damages on behalf of shareholders who were affected by the misleading statements made by Hims & Hers.

It is essential for investors to stay informed about the progress of the securities fraud class action lawsuit against Hims & Hers Health, Inc. If you believe you have suffered losses as a result of the company’s alleged misconduct, it is crucial to take action before the deadline to potentially recover your losses.

The securities fraud class action lawsuit against Hims & Hers Health, Inc. highlights the importance of holding companies accountable for their actions and ensuring that investors are protected from misleading statements that can impact their financial well-being. By participating in the lawsuit, shareholders can seek justice and potentially recover damages for any losses suffered as a result of the alleged securities fraud.