Talkspace Announces Proposed Settlement of Stockholder Derivative Action Lawsuit
July 25 2023 - 8:00AM
Talkspace (Nasdaq: TALK), a leading behavioral healthcare company,
today announced that on June 30, 2023, the United States District
Court for the Southern District of New York (the “Court”) issued an
order providing for preliminary approval of the proposed settlement
of the claims asserted nominally on behalf of the company against
the individual defendants named in the previously disclosed
stockholder derivative action entitled In re Talkspace Stockholder
Derivative Litigation, (Case No. 12-cv- 05016-PGG) pending before
the Court in accordance with the Stipulation of Settlement, dated
May 18, 2023 (the “Stipulation of Settlement”).
A copy of the court-approved notice of the Stipulation of
Settlement describing the litigation and the settlement in greater
detail and specifying the procedures and deadlines for any
stockholder objections is available along with the Long-Form Notice
on Talkspace’s Investor Relations website
at https://investors.talkspace.com/investor-relations/.
About Talkspace
Talkspace (Nasdaq: TALK) is a leading virtual behavioral
healthcare company committed to helping people lead healthier,
happier lives through access to high-quality mental healthcare. At
Talkspace, we believe that mental healthcare is core to overall
healthcare and should be available to everyone. Talkspace pioneered
the ability to text with a licensed therapist from anywhere and now
offers a comprehensive suite of mental health services from
self-guided products to individual and couples therapy, in addition
to psychiatric treatment and medication management. With
Talkspace’s core psychotherapy offering, members are matched with
one of thousands of licensed providers across all 50 states and can
choose from a variety of subscription plans including video, text
or audio chat sessions and/or unlimited text messaging.
All care offered at Talkspace is delivered through an
easy-to-use, fully-encrypted web and mobile platform that meets
HIPAA, federal, and state regulatory requirements. Talkspace
covered approximately 112 million lives as of May 2, 2023, through
our partnerships with employers, health plans, and paid benefits
programs.
For more information, visit www.talkspace.com.
Contacts
For Media and Investors:Neal NagaraganSloane
& Company(301) 273-5662nnagarajan@sloanepr.com
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