Faruqi & Faruqi Files Securities Class Action Against Hims
News related to:Hims & Hers Health, Inc · 2 min read
Faruqi & Faruqi, LLP, a leading national securities law firm, has announced a potential securities class action lawsuit against Hims & Hers Health, Inc. (NYSE: HIMS). The lawsuit, filed on behalf of investors who purchased or acquired securities in Hims between August 4, 2025, and July 29, 2026, alleges that the company and its executives violated federal securities laws.
According to the complaint, Hims & Hers Health, Inc. is accused of making false and misleading statements to investors. The allegations center around the company's sharing of consumers' sensitive health information with third-party advertising platforms, despite claiming to maintain consumer privacy. Additionally, the lawsuit claims that Hims charges consumers for prescriptions almost immediately after they submit an intake form, despite telling consumers that they would first be able to consult with a medical provider to find a treatment that is "right for them."
The Federal Trade Commission (FTC) announced on July 29, 2026, that it had filed a lawsuit against Hims, alleging these practices. On this news, Hims's stock price fell $4.32, or 14.73%, to close at $25.00 per share on unusually heavy trading volume.
Faruqi & Faruqi, LLP, is reminding investors who purchased or acquired securities in Hims during the specified period to contact the firm directly to discuss their legal rights. The firm encourages investors to call partner James (Josh) Wilson at 877-247-4292 or 212-983-9330 (Ext. 1310) to learn more about their options.
The deadline for investors to seek the role of lead plaintiff in the federal securities class action is November 2, 2026. Any investor who purchased Hims securities during the Class Period may be eligible to participate in the lawsuit. The court-appointed lead plaintiff is the investor with the largest financial interest in the relief sought by the class who directs and oversees the litigation on behalf of the putative class.
Faruqi & Faruqi, LLP, has a history of representing investors in securities litigation and has recovered hundreds of millions of dollars for shareholders. The firm encourages anyone with information regarding Hims's conduct to contact them, including whistleblowers, former employees, shareholders, and others.