Particle.news

Download on the App Store

LifeMD Faces Federal Securities Class Action as Firms Court Investors

Investor notices reference an Eastern District of New York filing with late‑October lead‑plaintiff cutoffs.

Overview

  • Johnston v. LifeMD, Inc. has been filed in the Eastern District of New York, covering investors who bought shares between May 7 and August 5, 2025.
  • Plaintiffs allege the company raised full‑year revenue and adjusted EBITDA guidance on May 6, 2025 without disclosing rising acquisition costs at RexMD and elevated refund rates in weight‑management offerings.
  • The complaint cites company statements promoting a “category‑defining competitive moat” in virtual obesity care and strong RexMD performance as misleading.
  • LifeMD reported a second‑quarter miss on August 5, 2025 and cut guidance citing temporary higher acquisition costs and refund issues, after which the stock fell about 44% the next trading day.
  • Hagens Berman, Pomerantz, and Levi & Korsinsky are soliciting shareholders, with notices listing differing lead‑plaintiff deadlines of October 27 and October 25, and one firm inviting whistleblower tips under the SEC program.