Shareholder rights law firm Robbins LLP informs investors that a class action was filed on behalf of all persons and entities who purchased or otherwise acquired Hims & Hers Health, Inc. (NYSE: HIMS) securities between August 4, 2025 and July 29, 2026, inclusive (the “Class Period”). Hims operates a health and wellness platform that connects consumers to licensed healthcare professionals.
The complaint alleges that Hims shared customers’ protected health information with advertising platforms and engaged in other deceptive advertising practices.
Investors who suffered significant losses during the Class Period may be eligible to participate in the lawsuit and should contact Robbins LLP for information.
Why Was Hims & Hers Sued?
According to the complaint, defendants failed to disclose to investors that:
(1) the Company shared consumers’ health information with third-party advertising platforms
(2) the Company charges consumers for prescriptions almost immediately after they submit an intake form, despite telling consumers that they will be able to consult with a medical provider to find a treatment that is “right for them;”
(3) the foregoing conduct subjected the Company to regulatory scrutiny;
(4) as a result, the Company was reasonably likely to incur fees and penalties; and
(5) as a result of the foregoing, defendants’ positive statements about the Company’s business, operations, and prospects were materially misleading and/or lacked a reasonable basis.
Why Did HIMS Stock Drop?
Plaintiff alleges that on July 29, 2026, during market hours, the Federal Trade Commission (“FTC”) announced it had filed a lawsuit against Hims “alleging that the telehealth provider shared consumers’ sensitive health information about medical conditions with third-party advertising platforms despite claiming its services maintain consumers’ privacy and deceives users about its billing and cancellation practices.”
According to the FTC’s complaint, Hims engages in other deceptive advertising practices, including failing to “clearly disclose that it charges consumers for prescriptions almost immediately after they submit an intake form, despite telling consumers that they will be able to consult with a medical provider to find a treatment that is ‘right for them.’” The complaint further alleges that, contrary to its promises that the platform is “100% online, private, and secure,” Hims “shared sensitive health information with third-party advertising companies and platforms . . . such as Meta Platforms, Inc. (‘Meta’) and Snap Inc. (‘Snap’).”
On this news, shares of Hims declined $4.32, or 14.73%, to close at $25.00 on July 29, 2026.
Who May Be Eligible to Participate in the Hims & Hers Class Action?
The lawsuit seeks to represent investors who purchased or otherwise acquired Hims securities between August 4, 2025 and July 29, 2026. Investors who suffered losses during that period may have legal rights under the federal securities laws.
What Is a Lead Plaintiff?
The lead plaintiff is a court-appointed investor who represents the interests of all class members throughout the litigation. Serving as lead plaintiff is not required to share in any potential recovery. Investors who do not seek appointment may remain absent class members if the case proceeds and later resolves successfully.
Shareholders who wish to lead the case should contact Robbins LLP.
Does it cost anything to participate?
No. Robbins LLP represents investors on a contingency fee basis.
Contact Robbins LLP
Investors seeking additional information about the Hims & Hers Health, Inc. securities class action may contact Robbins LLP by submitting an inquiry, emailing attorney Aaron Dumas, Jr., or calling (800) 350-6003.
About Robbins LLP
Robbins LLP is a shareholder rights law firm focused on representing investors in securities fraud and shareholder litigation. The firm has helped recover more than $1 billion for investors, obtained significant corporate governance reforms, and has represented shareholders in cases involving alleged violations of the federal securities laws.
“Companies have an obligation to provide investors with complete and accurate information so that markets can function fairly and efficiently,” said Brian J. Robbins, Founding Partner of Robbins LLP.
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View source version on businesswire.com: https://www.businesswire.com/news/home/20260901497741/en/
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