Teladoc: Customer Lawsuit Alleges Overbilling And Aggressive Behavior - Maybe A Bigger Storm Brewing? [Seeking Alpha]
Teladoc Health, Inc. (TDOC)
Last teladoc health, inc. earnings: 4/29 04:05 pm
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US:NYSE Investor Relations:
ir.teladoc.com/investors/default.aspx
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Source: Seeking Alpha
Summary Lawsuit alleges overbilling. Lawsuit states that Teladoc expressed to KBA that it was having difficulty structuring a refund of the full Overcharges because of the potential negative impact on Teladoc's financial statements. Customer states that it cannot be a party to reconstructing Teladoc's financial events. Key Benefit Administrators (KBA) filed suit against Teladoc ( TDOC ) on July 6 th alleging overbilling and harmful behavior by TDOC and is seeking an injunction to require TDOC to continue to service approximately 10,000 KBA customers until a suitable replacement can be found. Customer lawsuits are not uncommon in the business world. However, this suit also has some allegations of overcharging (possibly admitted to by TDOC) and TDOC seeking to remedy the overcharging in ways that would not cause them to have to restate financials. This is obviously an issue, if true. KBA claims TDOC approached them in January of this year admitting overcharging $450,000.
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TDOC
News
- Should You Buy This Beaten-Down Stock? [Yahoo! Finance]Yahoo! Finance
- TDOC STOCK ALERT: Levi & Korsinsky Notifies Teladoc Health, Inc. Investors of an Ongoing InvestigationAccesswire
- Online Marketplace Stocks Q4 Teardown: Shutterstock (NYSE:SSTK) Vs The Rest [Yahoo! Finance]Yahoo! Finance
- Analysts Estimate Teladoc (TDOC) to Report a Decline in Earnings: What to Look Out for [Yahoo! Finance]Yahoo! Finance
- Levi & Korsinsky Reminds Teladoc Investors of the Ongoing Investigation into Potential Violations of Securities Laws - TDOCAccesswire
TDOC
Earnings
- 2/20/24 - Beat
TDOC
Sec Filings
- 4/19/24 - Form 144
- 4/17/24 - Form 4
- 4/17/24 - Form 144
- TDOC's page on the SEC website