July 13, 2023
M&A | Tea Leaves
  • A federal judge on Wednesday granted Teladoc Health’s motion to dismiss a securities class-action suit against the telehealth company stemming from its merger with Livongo. The amended version of the complaint, originally filed as a putative class action against Teladoc in June 2022 by shareholder Jeremy Schneider, alleged that the company violated the Securities Act of 1934 by making misleading statements that masked the challenge it faced in integrating virtual chronic care company Livongo. It also alleged Teladoc downplayed its competition in the virtual care industry. (Article here)