FINAL SPEECH DEADLINE TUESDAY: ROSEN, GLOBAL RESPECTED INVESTOR ADVISOR, Encourages Talkspace, Inc. Loss Investors to Secure Advice Before the All-Important March 8 Deadline in Collective Securities

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NEW YORK, March 6, 2022 / PRNewswire / –

WHY: Rosen Law Firm, a global investor rights law firm, reminds investors of Talkspace, Inc. (NASDAQ: TALK) that: (a) it has bought or otherwise acquired Talkspace securities between 11 June 2020 And November 15, 2021, both dates included; and / or (b) held Talkspace common stock on the record date for the special shareholders’ meeting held June 17, 2021of the important March 8, 2022 term of the main plaintiff.

SO: If you purchased Talkspace titles, you may be eligible for compensation without paying any fees or out-of-pocket costs through an emergency commission agreement.

WHAT TO DO AFTER: To join the Talkspace class action, go to https://rosenlegal.com/submit-form/?case_id=3144 or call Phillip Kim, Esq. toll-free 866-767-3653 or email [email protected] or [email protected] for information on class action. A class action has already been filed. If you wish to serve as the main plaintiff, you must move the court no later than March 8, 2022. A principal plaintiff is a representative party acting on behalf of other class members in the direction of the litigation.

WHY ROSEN LAW: We encourage investors to select qualified advisors with a successful track record in leadership roles. Often, companies issuing alerts lack comparable experience, resources, or any significant peer recognition. Many of these firms do not actually handle class action on securities, they are simply brokers who refer clients or partner with law firms who are actually discussing cases. Be wise in choosing your advice. The Rosen Law Firm represents investors around the world, focusing its practice in class action on securities and shareholder-derived litigation. Rosen law firm secured the largest class action settlement ever against a Chinese company. Rosen law firm was ranked No. 1 by ISS Securities Class Action Services for number of collective stock agreements in securities in 2017. The company has been ranked in the top 4 every year since 2013 and has recovered hundreds of millions of dollars for investors. Only in 2019 did the company take out insurance $ 438 million for investors. In 2020, founding member Laurence Rosen he was named by law360 as the Titan of the plaintiffs’ attorneys. Many of the firm’s attorneys have been recognized by Lawdragon and Super Lawyers.

CASE DETAILS: According to the case, in an attempt to secure shareholder support for the Merger, the Hon May 28, 2021, the defendants issued a substantially false and misleading preliminary proxy on Annex 14A (the “proxy”). The attorney, who recommended HEIC shareholders to vote in favor of the merger, misrepresented Talkspace’s business, financial data and outlook by omitting, among other things, that: (1) Talkspace was experiencing a significant cost increase online advertising in its business-to-consumer (“B2C”) channel since early 2021; (2) Talkspace had lower conversion rates in its online advertising in its B2C business; (3) Talkspace was experiencing an increase in customer acquisition costs and more tepid B2C demand than that represented by investors; (4) Talkspace was affected by the increase in customer acquisition costs and by the worsening of growth and gross margin; (5) Talkspace had overestimated its book claims from some of its health plan customers in its business-to-business channel, which required a downward adjustment in amounts; and (6) as a result of the above, Talkspace’s financial guidelines for 2021 were not achievable and virtually lacked a reasonable basis. The complaint alleges that after the close of the merger, the proxy turned out to be materially false and misleading, causing a substantial drop in the price of Talkspace’s common stock and damage to Talkspace’s investors under the Exchange Act.

To join the Talkspace class action, go to https://rosenlegal.com/submit-form/?case_id=3144 or call Phillip Kim, Esq. toll-free 866-767-3653 or email [email protected] or [email protected] for information on class action.

No class has been certified. Until a class is certified, you are not represented by an attorney unless you retain one. You can select a consultant of your choice. You can also remain an absent class member and do nothing at this point. An investor’s ability to participate in any potential future recovery does not depend on serving as a major player.

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Contact information:

Laurence Rosen, Esq.
Phillip Kim, Esq.
The Rosen Law Firm, PA
275 Madison Avenue, 40th floor
New York, New York 10016
Tel: (212) 686-1060
Toll Free: (866) 767-3653
Fax: (212) 202-3827
[email protected]
[email protected]
[email protected]
www.rosenlegal.com

SOURCE Law Firm Rosen, PA

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