NEW YORK, Sept. 23, 2022 (GLOBE NEWSWIRE) — Moore Kuehn, PLLC, a Wall Street-based securities law firm, 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 has experienced significant increases in online advertising costs in its B2C business since inception 2021; (ii) Talkspace experienced lower conversion rates in its online advertising in its B2C business; (iii) Talkspace experienced increased subscriber acquisition costs and weaker B2C demand than presented to investors; (iv) Talkspace suffered from rising subscriber acquisition costs and deteriorating growth and gross margin trends; (v) Talkspace had overstated its claims against certain of its health insurance customers in its B2B business, the amounts of which had to be adjusted downwards; and (vi) as a result, Talkspace’s financial guidance for 2021 was unachievable and lacked any reasonable basis.

If you currently own TALK please contact Justin Kuehn, Esq. by email at [email protected] or by calling (212) 709-8245. You will not incur any costs. 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/

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