ROSEN, A LEADING LAW FIRM, Encourages Talkspace, Inc. Investors to Get Advice Ahead of Important March 8 Deadline in Securities Class Action – TALK | News

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NEW YORK–(BUSINESS WIRE)–January 29, 2022–

WHY: Rosen Law Firm, a global investor rights law firm, reminds common stockholders of Talkspace, Inc. (NASDAQ: TALK) on May 19, 2021, who were eligible to vote at the meeting extraordinary shareholders’ meeting in connection with the merger between Talkspace and Hudson Executive Investment Corporation (“HEIC”), the significant Deadline of March 8, 2022 for the main applicant.

SO WHAT: If you have purchased Talkspace titles, you may be entitled to compensation without payment of fees or out-of-pocket costs through a contingency fee arrangement.

WHAT TO DO NEXT: To join the Talkspace class action lawsuit, go to http://www.rosenlegal.com/cases-register-2237.html or call Phillip Kim, Esq. toll-free at 866-767-3653 or email [email protected] or [email protected] for class action information. A class action lawsuit has already been filed. If you wish to act as lead plaintiff, you must move the Court no later than March 8, 2022. A lead plaintiff is a representative party acting on behalf of other class members to direct litigation.

WHY THE ROSEN LAW: We encourage investors to select qualified lawyers with proven track records in leadership roles. Often, companies issuing reviews do not have comparable experience, resources, or significant peer recognition. Many of these companies do not bring securities class action lawsuits. Be wise in choosing lawyers. Rosen Law Firm represents investors worldwide, focusing its practice on securities class action and shareholder derivative litigation. Rosen Law Firm has reached the largest securities class action settlement against a Chinese company. Rosen Law Firm was ranked #1 by ISS Securities Class Action Services for the number of securities class action settlements in 2017. The firm has ranked in the top 4 every year since 2013 and has recovered hundreds of million dollars for investors. In 2019 alone, the company secured over $438 million for investors. In 2020, founding partner Laurence Rosen was named by law360 as a Titan of Plaintiffs’ Bar. Many of the firm’s lawyers have been recognized by Lawdragon and Super Lawyers.

CASE DETAILS: According to the lawsuit, in an attempt to gain shareholder support for the merger, on May 28, 2021, the defendants issued a materially false and misleading preliminary power of attorney on Schedule 14A (the “Power of Attorney”). The proxy, which recommended that HEIC shareholders vote in favor of the merger, misrepresented Talkspace’s business, financials and outlook, omitting, among other things, that: (1) Talkspace was experiencing a significant increase in advertising costs in line in its business-to-business consumer channel (“B2C”) activities since the beginning of 2021; (2) Talkspace was experiencing lower conversion rates in its online advertising in its B2C business; (3) Talkspace was experiencing rising customer acquisition costs and weaker B2C demand than represented to investors; (4) Talkspace was suffering from skyrocketing customer acquisition costs and deteriorating growth and gross margin trends; (5) Talkspace had overstated its accounts receivable from some of its health plan customers in its business-to-business channel, the amounts of which required downward adjustment; and (6) as a result of the foregoing, Talkspace’s financial forecast for 2021 was not achievable and lacked a reasonable basis in fact. The complaint alleges that after the merger closed, the proxy was found to be materially false and misleading, resulting in a substantial decline in the price of Talkspace’s common stock and damages to Talkspace’s investors under the Exchange Act.

To join the Talkspace class action lawsuit, go to http://www.rosenlegal.com/cases-register-2237.html or call Phillip Kim, Esq. toll-free at 866-767-3653 or email [email protected] or [email protected] for class action information.

No class has been certified. Until a class is certified, you are not represented by an attorney unless you retain one. You can choose the lawyer of your choice. You can also remain an absent party member and do nothing at this point. An investor’s ability to participate in any potential future upturn does not depend on their status as lead plaintiff.

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See the source version on businesswire.com: https://www.businesswire.com/news/home/20220129005004/en/

CONTACT: Laurence Rosen, Esq.

Phillip Kim, Esq.

The Rosen Law Firm, Pennsylvania

275 Madison Avenue, 40th Floor

New York, NY 10016

Tel: (212) 686-1060

Toll Free: (866) 767-3653

Fax: (212) 202-3827

[email protected]

[email protected]

[email protected]

www.rosenlegal.com

KEYWORD: UNITED STATES NORTH AMERICA NEW YORK

INDUSTRY KEYWORD: PROFESSIONAL LEGAL SERVICES

SOURCE: Rosen Law Firm

Copyright BusinessWire 2022.

PUBLISHED: 01/29/2022 10:44 a.m. / DISK: 01/29/2022 10:44 a.m.

http://www.businesswire.com/news/home/20220129005004/en

Copyright BusinessWire 2022.

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