Hims & Hers Health (NYSE: HIMS) Faces Securities Class Action After FTC Lawsuit Reveal Drives Stock Sharply Lower -- HBSS
Hagens Berman announced a securities class action against Hims & Hers Health and certain executives, soliciting investors with losses to submit claims before a Nov. 2, 2026 lead plaintiff deadline. The suit follows a July 29, 2026 FTC federal complaint -- joined by Utah and Los Angeles County -- alleging deceptive sharing of consumer health data with Meta and Snap, plus ROSCA violations around subscription billing and cancellation barriers. The underlying regulatory action drove HIMS shares down $4.32 (-14.7%), erasing over $970 million of market cap in one day; the class period runs Aug.
Key figures
- Class period
- Aug. 4, 2025 – July 29, 2026
- Market cap erased
- $970 million
- Stock decline pct
- -14.7%
- Lead plaintiff deadline
- Nov. 2, 2026
AI analysis
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