NEW
YORK, Feb. 25, 2022 /PRNewswire/ -- Jakubowitz
Law announces that a securities fraud class action lawsuit has
commenced on behalf of shareholders of Talkspace, Inc. f/k/a Hudson
Executive Investment Corporation (NASDAQ: TALK).
To receive updates on the lawsuit, fill out the
form:
https://claimyourloss.com/securities/talkspace-inc-f-k-a-hudson-executive-investment-corporation-loss-submission-form/?id=24006&from=4
This lawsuit is on behalf of: (a) all persons or entities that
purchased or otherwise acquired Talkspace securities between
June 11, 2020 and November 15, 2021, both dates inclusive, and/or
(b) all holders of Talkspace common stock as of the record date for
the special meeting of shareholders held on June 17, 2021.
Shareholders interested in acting as a lead plaintiff
representing the class of wronged shareholders have until
March 8, 2022 to petition the
court. Your ability to share in any recovery doesn't require that
you serve as a lead plaintiff.
According to a filed complaint, Talkspace, Inc. f/k/a Hudson
Executive Investment Corporation issued materially false and/or
misleading statements and/or failed to disclose that: (i) Hudson
Executive Investment Corporation ("HEIC") had overstated its
competitive advantage and due diligence capabilities with respect
to identifying and effectuating a merger with target companies;
(ii) HEIC had conducted inadequate due diligence into then-private,
pre-Merger Talkspace, or else ignored and/or failed to disclose
multiple red flags concerning then-private, pre-Merger Talkspace's
business and operations; (iii) Talkspace was experiencing
significantly increased online advertising costs in its B2C
business since the beginning of 2021; (iv) Talkspace was
experiencing lower conversion rates in its online advertising in
its business-to-consumer ("B2C") business; (v) as a result of (iii)
and (iv) above, Talkspace was experiencing increased customer
acquisition costs and more tepid B2C demand than represented to
investors; (vi) as a result of (iii)-(v) above, Talkspace was
suffering from ballooning customer acquisition costs and worsening
growth and gross margin trends; (vii) Talkspace had overvalued its
accounts receivables from certain of its health plan clients in its
B2B business, which amounts required adjustment downward; and
(viii) as a result of (iii)-(vii) above, Talkspace's 2021 financial
guidance was not achievable and lacked any reasonable basis in
fact.
Jakubowitz Law is vigorous in pursuit of justice for
shareholders who have been the victim of securities fraud. Attorney
advertising. Prior results do not guarantee similar outcomes.
CONTACT:
JAKUBOWITZ LAW
1140 Avenue of the Americas
9th Floor
New York, New York 10036
T: (212) 867-4490
F: (212) 537-5887
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SOURCE Jakubowitz Law