Hims & Hers Health Inc. Faces Class Action Lawsuit Over Alleged Deceptive Practices and Partnership Termination with Novo Nordisk

Reuters06-28

Hims & Hers Health Inc. Faces Class Action Lawsuit Over Alleged Deceptive Practices and Partnership Termination with Novo Nordisk

Hims & Hers Health Inc. is facing a class action lawsuit filed by investors who acquired the company's securities between April 29, 2025, and June 23, 2025. The lawsuit, filed in the Northern District of California, accuses the company and its top executives of violating the Securities Exchange Act of 1934. The allegations claim that Hims & Hers engaged in the deceptive promotion and sale of illegitimate versions of Novo Nordisk's Wegovy®, posing a risk to patient safety. This deceptive practice allegedly led to Novo Nordisk terminating its collaboration with Hims & Hers, resulting in a significant drop in the company's stock price by over 34%. Investors who suffered substantial losses during this period have until August 25, 2025, to seek appointment as lead plaintiff in the case.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Hims & Hers Health Inc. published the original content used to generate this news brief via Newsfile (Ref. ID: 257138) on June 28, 2025, and is solely responsible for the information contained therein.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

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Faces Class Action Lawsuit Over Alleged Deceptive Practices and Partnership Termination with Novo Nordisk\n    </title></head><body><div xmlns:xsd=\"http://www.w3.org/2001/XMLSchema\" xmlns:xsi=\"http://www.w3.org/2001/XMLSchema-instance\">\n<p>\n        Hims &amp; Hers Health Inc. is facing a class action lawsuit filed by investors who acquired the company's securities between April 29, 2025, and June 23, 2025. The lawsuit, filed in the Northern District of California, accuses the company and its top executives of violating the Securities Exchange Act of 1934. The allegations claim that Hims &amp; Hers engaged in the deceptive promotion and sale of illegitimate versions of Novo Nordisk's Wegovy®, posing a risk to patient safety. This deceptive practice allegedly led to Novo Nordisk terminating its collaboration with Hims &amp; Hers, resulting in a significant drop in the company's stock price by over 34%. 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Faces Class Action Lawsuit Over Alleged Deceptive Practices and Partnership Termination with Novo Nordisk\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1032215980\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://community-static.tradeup.com/news/4567337cbdf294b657b1fa87c5488b48);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Reuters </p>\n<p class=\"h-time\">2025-06-28 21:46</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html xmlns=\"http://www.w3.org/1999/xhtml\" xmlns:newsg2=\"http://iptc.org/std/nar/2006-10-01/\" xmlns:xhtml=\"http://www.w3.org/1999/xhtml\"><head><title>\n      Hims &amp; Hers Health Inc. 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Faces Class Action Lawsuit Over Alleged Deceptive Practices and Partnership Termination with Novo Nordisk\n    \n\n        Hims & Hers Health Inc. is facing a class action lawsuit filed by investors who acquired the company's securities between April 29, 2025, and June 23, 2025. The lawsuit, filed in the Northern District of California, accuses the company and its top executives of violating the Securities Exchange Act of 1934. The allegations claim that Hims & Hers engaged in the deceptive promotion and sale of illegitimate versions of Novo Nordisk's Wegovy®, posing a risk to patient safety. This deceptive practice allegedly led to Novo Nordisk terminating its collaboration with Hims & Hers, resulting in a significant drop in the company's stock price by over 34%. Investors who suffered substantial losses during this period have until August 25, 2025, to seek appointment as lead plaintiff in the case.\n      \n\nDisclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Hims & Hers Health Inc. published the original content used to generate this news brief via Newsfile (Ref. 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