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Class action lawsuits

Securities Class Action Lawsuits Filed Against Hims & Hers Health, Inc.

Strategic Insights

— 1 min read

Investors who purchased Hims & Hers Health, Inc.'s securities between April 29, 2025, and June 23, 2025, may be eligible to participate in ongoing securities class action lawsuits. The lawsuits, pending in the United States District Court for the Northern District of California, allege that the company and its executives failed to disclose material information during this period, violating federal securities laws.

The class action lawsuits were filed after Novo Nordisk announced its termination of a partnership with Hims & Hers Health, Inc. due to the company's alleged failure to adhere to laws and safety standards. This news caused a significant decline in Hims' stock price, with shares falling $22.24, or 34.6%, to close at $41.98 per share on June 23, 2025.

Key Takeaways:

  • Two securities class action lawsuits have been filed against Hims & Hers Health, Inc. in the United States District Court for the Northern District of California.
  • The lawsuits allege that the company and its executives failed to disclose material information during the Class Period (April 29, 2025, to June 23, 2025).
  • The case Sookdeo v. Hims & Hers Health, Inc. (No. 25-cv-05315) was the first-filed case, while Yaghsizian v. Hims & Hers Health, Inc. (No. 25-cv-05321) expanded the class period.
  • KSF, led by former Attorney General Charles C. Foti, Jr., is offering free consultations to investors who may be affected by these lawsuits.
  • Investors who wish to serve as lead plaintiffs must petition the Court by August 25, 2025.

Statistics:

  • Stock price fell $22.24, representing a 34.6% decline, to $41.98 on June 23, 2025.
  • Unusually heavy trading volume occurred on June 23, 2025.
  • The lawsuits have been filed in the United States District Court for the Northern District of California.
  • KSF has offices in six locations, including New York, Delaware, California, Louisiana, Chicago, and New Jersey.
  • KSF has a representative office in Luxembourg.

Sources:

  • "KSF Reminds Investors Who Purchased Hims & Hers Health, Inc. Securities of Lead Plaintiff Deadline," GLOBE NEWSWIRE, July 15, 2025.
  • "Hims & Hers Health, Inc. sued in California, accused of deceiving investors," Bloomberg, July 12, 2025.
  • "Kahn Swick & Foti, LLC," KSF website.
  • "ISS Securities Class Action Services," ISS website.
  • "Charles C. Foti, Jr.," LinkedIn profile.

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