Market Incident
Public · Developing
AI compiled from Infoway · 4 analyzed stories
FTC Release: Five States Join FTC Lawsuit Alleging Hims and Hers Engaged in Deceptive and Unlawful Privacy Practices
The Federal Trade Commission filed an amended complaint adding five states as co-plaintiffs in its lawsuit against telehealth provider Hims and Hers. The lawsuit alleges the company shared sensitive health information with advertising platforms despite privacy claims and misled users about billing and cancellations.
Published:
Updated:
What happened
The Federal Trade Commission added Arizona, Florida, Nebraska, Ohio, and Wisconsin to its lawsuit against Hims & Hers Health. The complaint alleges the company shared sensitive health data with advertising platforms and misled users about prescription charges and cancellations. The company called the allegations baseless.
Global impact / market context
The lawsuit raises concerns about how the company handles private health information and charges customers. These claims could affect how investors view the company, but the supplied facts do not show a court decision or the company’s response beyond calling the allegations baseless.
What to watch
- Check for any company response beyond calling the allegations baseless; it may clarify how the company answers the claims.
- Check for updates to the complaint or the states involved; they may show whether the case is changing.
- Check for a court decision on the allegations; it could clarify whether they are supported.
Affected assets
- Hims & Hers Health
Evidence
- Infoway News — Hims & Hers Under Fire: Five More States Join Federal Crackdown Over Alleged Privacy Violations
- Infoway News — HIMS Stock Faces Dual Blow From Expanded FTC Privacy Lawsuit After Selloff Driven By Q3 Subscriber Loss
- Infoway News — Five more states join FTC privacy complaint against Hims & Hers Health
- Infoway News — FTC Release: Five States Join FTC Lawsuit Alleging Hims and Hers Engaged in Deceptive and Unlawful Privacy Practices
- Incident timeline — Hims & Hers Under Fire: Five More States Join Federal Crackdown Over Alleged Privacy Violations
- Incident timeline — HIMS Stock Faces Dual Blow From Expanded FTC Privacy Lawsuit After Selloff Driven By Q3 Subscriber Loss
- Incident timeline — Five more states join FTC privacy complaint against Hims & Hers Health
- Incident timeline — FTC Release: Five States Join FTC Lawsuit Alleging Hims and Hers Engaged in Deceptive and Unlawful Privacy Practices