Market Chatter: Hims & Hers Health Bids Judge to Toss Federal Trade Commission Complaint

MT Newswires Live10-23

Hims & Hers Health (HIMS) asked a federal judge in California to toss out a Federal Trade Commission complaint that alleged the company misled buyers about products, billed for unwanted subscriptions, and improperly shared private health information with advertisers, Bloomberg reported on Thursday.

Hims & Hers said in court that its privacy policy discloses that client information might be shared with advertisers, and that the FTC misapplied the law pertaining to recurring online subscriptions and charges.

Hims & Her's request to throw out the FTC case is scheduled for Jan. 7 hearing at a US District Court in San Francisco.

Hims & Hers has 2.6 million subscribers paying monthly fees to access doctors who can prescribe medications for obesity, hair loss and erectile dysfunction and other conditions.

Representatives from Hims & Hers did not immediately respond to a request for comment from MT Newswires.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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