Class Action Lawsuit Filed Against LifeMD, Inc. by The Gross Law Firm

Strategic Insights -

The Gross Law Firm has filed a class action lawsuit against LifeMD, Inc. (NASDAQ: LFMD) on behalf of shareholders who purchased shares of the company during a specific period. The lawsuit alleges that LifeMD's statements about its business, operations, and prospects were materially false and misleading due to the company's failure to disclose rising customer acquisition costs and other issues. Shareholders who purchased shares during the class period are encouraged to contact The Gross Law Firm to learn more about the case and potential recovery.

Key Takeaways:

  • The class action lawsuit was filed by The Gross Law Firm on behalf of shareholders who purchased shares of LifeMD, Inc. (NASDAQ: LFMD) during the period from May 7, 2025 to August 5, 2025.
  • The lawsuit alleges that LifeMD's statements about its business, operations, and prospects were materially false and misleading due to the company's failure to disclose rising customer acquisition costs and other issues.
  • The complaint alleges that defendants issued false and/or misleading statements and/or failed to disclose that: (1) defendants materially overstated LifeMD's competitive position; (2) defendants were reckless in raising LifeMD's 2025 guidance, considering that they had not properly accounted for rising customer acquisition costs in LifeMD's RexMD segment, as well as for customer acquisition costs related to the sale of drugs designed to treat obesity, including Wegovy and Zepbound.
  • The deadline to seek to be a lead plaintiff is October 25, 2025.
  • The Gross Law Firm is a nationally recognized class action law firm that seeks recovery on behalf of investors who incurred losses when false and/or misleading statements or the omission of material information by a company lead to artificial inflation of the company's stock.
  • The law firm is committed to protecting the rights of all investors who have suffered as a result of deceit, fraud, and illegal business practices.

Statistics:

  • The class period for the lawsuit is from May 7, 2025 to August 5, 2025.
  • The deadline to seek to be a lead plaintiff is October 25, 2025.
  • The next steps for shareholders who register for the case include being enrolled in a portfolio monitoring software to provide status updates throughout the lifecycle of the case.
  • There is no cost or obligation to participate in the case.
  • The Gross Law Firm has successfully resolved numerous class action cases in the past and seeks to recover losses for investors who have suffered due to false and/or misleading statements.

Sources:

  • The Gross Law Firm: Press release dated October 20, 2025.
  • SEC filing for LifeMD, Inc. (NASDAQ: LFMD): Class period listed as May 7, 2025 to August 5, 2025.
  • The Gross Law Firm: Contact information, including email and phone number.