LOS ANGELES, Oct. 23, 2023 (GLOBE NEWSWIRE) -- The Portnoy Law Firm advises LifeStance Health Group, Inc. (“LifeStance” or “the Company”) (NASDAQ: LFST) investors that the firm has initiated an investigation into possible securities violations and may file a class action on behalf of investors. LifeStance investors that lost money on their investment are encouraged to contact Lesley Portnoy, Esq.
Investors are encouraged to contact attorney Lesley F. Portnoy, by phone 844-767-8529 or email: lesley@portnoylaw.com, to discuss their legal rights, or click here to join the case via www.portnoylaw.com. The Portnoy Law Firm can provide a complimentary case evaluation and discuss investors’ options for pursuing claims to recover their losses.
On October 19, 2023, The Bear Cave released a report in which they claimed to have discovered numerous grievances related to excessive billing, fraudulent billing practices, and unfair and deceptive business conduct at LifeStance. These complaints included accusations that LifeStance was surreptitiously scheduling therapy appointments without patients' knowledge to generate unwarranted cancellation and no-show fees. Furthermore, there were allegations that LifeStance was appending unauthorized billing codes to patient invoices, sending bills to individuals who had never utilized their services, and numerous employee testimonials highlighting concerns about billing fraud.
Following the publication of this report, LifeStance's stock price experienced a significant decline of $0.54, equating to an 8.9% decrease, ultimately closing at $5.53 per share on October 19, 2023. This downturn adversely affected investors.
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The Portnoy Law Firm represents investors in pursuing claims against caused by corporate wrongdoing. The Firm’s founding partner has recovered over $5.5 billion for aggrieved investors. Attorney advertising. Prior results do not guarantee similar outcomes.
Lesley F. Portnoy, Esq.
Admitted CA and NY Bar
lesley@portnoylaw.com
310-692-8883
www.portnoylaw.com
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