SHAREHOLDER ACTION ALERT: The Schall Law Firm Encourages Investors in LifeStance Health Group, Inc. with Losses of $100,000 to Contact the Firm
The Californer/10204729

LOS ANGELES--(BUSINESS WIRE)--The Schall Law Firm, a national shareholder rights litigation firm, announces the filing of a class action lawsuit against LifeStance Health Group, Inc. ("LifeStance" or "the Company") (NASDAQ: LFST) for violations of the federal securities laws.

Investors who purchased the Company's shares pursuant and/or traceable to the Company's initial public offering conducted on June 10, 2021 (the "IPO"), are encouraged to contact the firm before October 11, 2022.

If you are a shareholder who suffered a loss, click here to participate.

More on The Californer

• Long Beach: Health Department Announces Certification of 32 Community Violence Intervention Workers
• Easton & Easton, LLP Files Suit Against The Dwelling Place Anaheim & Vineyard USA Over Abuse Allegations
• AI Visibility: The Key to Beating Google's AI Overviews and Regaining Traffic
• First Partner highlights apprenticeship program helping underrepresented youth break into careers in California's iconic entertainment industry
• Stuck Doing Math or Figuring Out Life's Numbers? Calculator.now Makes It Stupidly Simple

We also encourage you to contact Brian Schall of the Schall Law Firm, 2049 Century Park East, Suite 2460, Los Angeles, CA 90067, at 310-301-3335, to discuss your rights free of charge. You can also reach us through the firm's website at www.schallfirm.com, or by email at bschall@schallfirm.com.

The class, in this case, has not yet been certified, and until certification occurs, you are not represented by an attorney. If you choose to take no action, you can remain an absent class member.

According to the Complaint, the Company made false and misleading statements to the market. LifeStance suffered from a decrease in virtual visits by clients as COVID-19 lockdowns were ending, negatively impacting its out-patient/virtual revenue growth. The Company's operating expenses significantly increased as the number of in-person visits were increasing. The Company lost a significant number of physicians to burn-out, dropping its retention rate below the 87% retention rate touted in the IPO materials. Based on these facts, the Company's public statements were false and materially misleading throughout the IPO period. When the market learned the truth about LifeStance, investors suffered damages.

More on The Californer

• Cal State LA secures funding for two artificial intelligence projects from CSU
• Colbert Packaging Announces WBENC Recognition
• New Mobile Car Detailing Platform Connects Drivers with On-Demand Local Pros
• Over the past three months, California seized $476 million worth of unlicensed cannabis products
• California scores more clean energy records: 9 in 10 days this year partially powered by 100% clean energy

Join the case to recover your losses.

The Schall Law Firm represents investors around the world and specializes in securities class action lawsuits and shareholder rights litigation.

This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and rules of ethics.

Contacts

The Schall Law Firm
Brian Schall, Esq.
www.schallfirm.com
Office: 310-301-3335
info@schallfirm.com

---

Show All News | Report Violation