Moore Kuehn, PLLC Encourages Investors of Talkspace, Inc. to Contact Law Firm

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 [email protected] 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, PLLC
Justin Kuehn, Esq.
30 Wall Street, 8th Floor
New York, New York 10005
[email protected] 
(212) 709-8245