Hims & Hers Health Faces Class Action Lawsuit Over Alleged Misleading Practices
Law firm Kahn Swick & Foti has initiated a securities class action against Hims & Hers Health following a decline in share price linked to billing and privacy concerns.
Kahn Swick & Foti (KSF) has announced a class action lawsuit against Hims & Hers Health, Inc., alleging that the company engaged in deceptive billing and privacy practices. The legal action follows a period during which the company's stock price declined by over 14 percent.
The complaint alleges that the company failed to provide accurate disclosures regarding its business practices, ultimately leading to investor losses. Plaintiffs claim that internal policies regarding user privacy and automatic billing renewals were not adequately disclosed to shareholders, creating a disconnect between company messaging and operational reality.
Investors wishing to serve as lead plaintiffs have until November 2, 2026, to file applications with the court. The litigation seeks to determine the extent of the company’s liability under federal securities laws.