Hims & Hers Class Action Lawsuit and Shareholder Rights: The Ultimate Authoritative Guide to the Rights of Shareholders [2025]

The Hims & Hers class action lawsuit seeks to represent purchasers or acquirers of Hims & Hers Health, Inc. (NYSE: HIMS) securities between April 29, 2025 and June 23, 2025, inclusive (the “Class Period”).  Captioned Sookdeo v. Hims & Hers Health, Inc., No. 25-cv-05315 (N.D. Cal.), the Hims & Hers class action lawsuit charges Hims & Hers and certain of Hims & Hers’ top executives with violations of the Securities Exchange Act of 1934.

If you suffered substantial losses and wish to serve as lead plaintiff of the Hims & Hers class action lawsuit, or just have general questions about you rights as a shareholder, please contact attorney Timothy L. Miles of the Law Offices of Timothy L. Miles, at no cost, by calling 855/846-6529 or via e-mail at [email protected].

Lead plaintiff motions for the Hims & Hers class action lawsuit must be filed with the court no later than August 25, 2025.

LEAD PLAINTIFF DEADLINES

As a Class Member You Have the Right to Move for Lead Plaintiff Under the PSLRA

As a class member in the Hims & Hers class action lawsuit, you possess important rights under the Private Securities Litigation Reform Act (PSLRA). One of these rights is the ability to move for lead plaintiff status. This position is crucial as it empowers you to take on a central role in the litigation process, potentially influencing the direction and outcome of the case.

The lead plaintiff acts as a representative for all class members, and their decisions can significantly impact the settlement or verdict. Therefore, understanding your rights and the procedures for moving for lead plaintiff is essential for ensuring that your interests, as well as those of other class members, are adequately protected within the legal framework.

The PSLRA was enacted to address concerns about frivolous securities lawsuits and to establish more stringent criteria for class actions. Under this act, any member of the class involved in the Hims & Hers class action lawsuit can file a motion to be appointed as lead plaintiff. This motion must be submitted within a specific timeframe after the notice of the lawsuit is published, typically within 60 days.

The court will then evaluate various factors such as the financial stake of each applicant, their adequacy to represent the class, and their ability to supervise legal counsel. The goal is to appoint a lead plaintiff who has a significant financial interest in the case and who will diligently work to achieve a favorable outcome for all class members.

Being designated as lead plaintiff in the Hims & Hers class action lawsuit comes with several responsibilities and advantages. As lead plaintiff, you will be directly involved in selecting legal counsel, shaping litigation strategies, and making important decisions regarding settlements.

This role also requires a commitment to actively participate in the proceedings and communicate effectively with other class members. In return, you gain greater control over the case and can ensure that your interests are prioritized. Additionally, courts often award lead plaintiffs with extra compensation for their efforts and time dedicated to managing the lawsuit.

However, moving for lead plaintiff status is not without its challenges. The process demands a thorough understanding of the legal requirements and substantial preparation to present a compelling case to the court. It also involves a significant amount of time and effort, including reviewing documents, attending hearings, and coordinating with attorneys. Before deciding to pursue this role in the Red Cat class action lawsuit, it is crucial to weigh these commitments against your capacity to fulfill them effectively.

In conclusion, as a member of the Hims & Hers class action lawsuit, you have the right under the PSLRA to move for lead plaintiff status. This right provides an opportunity to take an active role in seeking justice and potentially influencing the outcome of the case.

By understanding the responsibilities and advantages associated with being lead plaintiff, you can make informed decisions about whether this role aligns with your interests and capabilities.

Whether you choose to pursue lead plaintiff status or not, knowing your rights under the PSLRA ensures that you are better equipped to navigate the complexities of securities litigation and advocate for fair treatment within the judicial system.

As a Class Member You Have the Right to Do Nothing and Remain an Absent Class Member Under the PSLRA

As a class member under the PSLRA, you possess specific rights that afford you the flexibility to make informed decisions regarding your involvement in a securities class action lawsuit. One such right is the option to remain an absent class member, which means you have the choice to do nothing and let others take the lead in pursuing the litigation.

This right is particularly relevant in the context of the Hims & Hers lawsuit, where shareholders may be weighing their options on whether to actively participate or to remain passive. By choosing to stay as an absent class member, you are essentially allowing the appointed lead plaintiffs and their legal representatives to manage the case on behalf of all class members.

Remaining an absent class member does not diminish your potential for recovery should the lawsuit result in a favorable outcome. In fact, it can be a strategic decision for those who prefer to avoid the complexities and time commitments associated with active participation. The PSLRA ensures that even absent class members are protected under the securities laws and are entitled to any compensation awarded from the Hims & Hers lawsuit.

It is important to note, however, that remaining passive means relinquishing control over litigation decisions and accepting the final settlement terms negotiated by lead plaintiffs and their attorneys.

Ultimately, as a class member in the Hims & Hers lawsuit, you have the autonomy to decide your level of involvement based on your personal circumstances and preferences. Whether you choose to engage actively or adopt a hands-off approach, your rights under the PSLRA guarantee that you will be represented in the class action and eligible for a share of any recovery.

It is advisable to stay informed about the progress of the lawsuit and consult with legal professionals if needed, to ensure that your interests are adequately protected throughout the litigation process. If you suffered substantial losses and wish to serve as lead plaintiff of the Hims & Hers class action lawsuit, or just have general questions about you rights as a shareholder, please contact attorney Timothy L. Miles of the Law Offices of Timothy L. Miles, at no cost, by calling 855/846-6529 or via e-mail at [email protected].

You Have the Right to Optout of the Red Cat Class Action Lawsuit

Opting out of a securities class action is an important decision for investors who have been affected by corporate misconduct, fraud, or other violations of securities laws. When a class action lawsuit is filed, it typically includes a group of plaintiffs who have suffered similar harm, allowing them to combine their claims into one legal action against the defendant.

However, individual investors have the option to opt out of the class action, meaning they choose not to participate in the collective lawsuit and instead pursue their own legal remedies independently.

The decision to opt out can be influenced by various factors. For instance, investors might opt out if they believe they can achieve a better outcome through individual litigation or if they have unique damages that are not adequately addressed by the class action settlement.

Additionally, opting out allows investors to retain control over their legal strategy and settlement negotiations. This can be particularly relevant in high-profile cases like the Hims & Hers class action lawsuit, where specific investor interests and damages might vary significantly.

However, opting out of a securities class action also comes with its challenges. Individual litigation can be costly and time-consuming compared to participating in a class action where legal expenses are shared among all plaintiffs.

Furthermore, the outcome of individual lawsuits can be uncertain, and there is a risk that the court may not award damages as favorably as in a class action settlement. Investors must weigh these considerations carefully before making their decision.

In the context of the Hims & Hers class action lawsuit, investors who feel that their losses from alleged securities violations are substantial or unique may consider opting out to seek a more tailored resolution. On the other hand, those who prefer a more straightforward and less risky approach might choose to remain part of the class action.

Ultimately, whether to opt out or stay in a securities class action like the Hims & Hers class action lawsuit requires careful analysis of one’s specific circumstances and consultation with legal counsel to determine the best course of action.

The Pros to Opting Out of a Securities Class Action

Securities class actions are lawsuits filed by investors who have suffered financial losses due to fraudulent activities or misrepresentation by a company. While participating in such actions may seem like a straightforward way to seek compensation, opting out of a securities class action can offer several distinct advantages. One prominent example is the Hims & Hers class action lawsuit, which illustrates the benefits of pursuing individual claims.

One significant advantage of opting out of a securities class action is the potential for higher recovery. In class actions, the settlement amount is typically divided among all plaintiffs, which can result in relatively modest individual payouts. By contrast, investors who opt out and file individual lawsuits may secure more substantial compensation tailored to their specific losses.

The Hims & Hers class action lawsuit demonstrates how opting out allowed certain investors to negotiate settlements that more accurately reflected their unique circumstances and financial damages.

Another benefit of opting out is greater control over litigation strategy and decision-making. In a securities class action, the lead plaintiff and their attorneys make crucial decisions that impact all class members. Opting out enables investors to retain their own legal representation, ensuring that their interests are prioritized and their unique needs addressed.

For instance, in the Hims & Hers class action lawsuit, those who opted out could work closely with their lawyers to develop personalized litigation strategies, which may have contributed to more favorable outcomes.

Opting out also allows investors to avoid the lengthy and often unpredictable process associated with class action lawsuits. Class actions can take years to resolve, with numerous procedural hurdles and delays along the way.

Investors who choose to pursue individual claims may expedite the resolution of their cases, potentially receiving compensation sooner. The Hims & Hers class action lawsuit, is a prime example of how opting out can streamline the legal process, enabling investors to achieve timely justice.

Moreover, opting out provides an opportunity for confidentiality and discretion that is not available in class actions. Class action settlements are typically public, which can expose investors to unwanted attention or scrutiny. Individual lawsuits can be settled privately, allowing investors to maintain anonymity while still securing compensation. In the case of the Hims & Hers lawsuit,, some investors may prefer the privacy afforded by opting out, avoiding public disclosure of sensitive financial information.

Lastly, individual lawsuits can sometimes address specific grievances or claims that class actions might overlook. Class actions are designed to address common issues affecting a large group of plaintiffs, which may not fully capture the nuances of each investor’s situation.

Opting out allows investors to present detailed evidence and arguments related to their particular experiences and damages. The Hims & Hers class action lawsuit highlighted how individual claims could surface unique aspects of fraud or misrepresentation that were not covered in the broader class action.

In conclusion, while securities class actions offer a collective avenue for seeking redress, opting out presents various advantages that may better serve individual investors’ interests. The Hims & Hers lawsuit, underscores the benefits of higher recovery potential, greater control over legal strategies, expedited resolution, confidentiality, and tailored grievance redressal. Investors should carefully weigh these pros when considering their options in securities litigation.

The Cons to Opting Out of a Securities Class Action

Opting out of a securities class action lawsuit often raises several consequential concerns for investors. One major drawback is the potential loss of collective power. In a class action, the claims of numerous investors are aggregated, which creates a stronger bargaining position against the defendant. By opting out, an individual investor forfeits the advantage of this collective strength and must pursue litigation independently, which can be both financially and strategically disadvantageous.

Furthermore, the legal costs associated with individual litigation can be prohibitively expensive. Class actions typically operate on a contingency fee basis, where attorneys are only paid if the case is successful. On the other hand, individual lawsuits require upfront legal fees and expenses, which may not be feasible for every investor.

Another significant con to opting out of a securities class action lawsuit is the risk of inconsistent or less favorable outcomes. In a class action, the settlement or judgment is distributed among all members of the class, ensuring that every investor receives compensation proportionate to their losses. However, when an investor opts out and pursues individual litigation, there is no guarantee that they will receive a more favorable outcome.

In fact, they may end up with a smaller recovery or even lose the case altogether. This inconsistency can lead to dissatisfaction and financial strain, especially if the investor’s resources are limited. The Hims & Hers class action lawsuit, serves as a pertinent example where staying within the class could potentially yield more predictable and equitable results compared to going it alone.

Moreover, opting out of a securities class action lawsuit can lead to lengthy and complex legal battles. Class actions are generally more streamlined due to the collective nature of the claims and the shared legal representation.

Conversely, individual lawsuits necessitate separate discovery processes, pretrial motions, and potentially multiple court appearances, which can prolong the litigation process significantly.

This extended timeline can be stressful and demanding for an individual investor who may not have the time or expertise to navigate the intricacies of securities law. Additionally, pursuing an individual claim might require expert testimony and detailed financial analysis, further complicating the case and increasing costs.

Lastly, there is an element of uncertainty regarding settlement negotiations when opting out of a securities class action lawsuit. In a class action, settlements are typically negotiated by experienced attorneys who have a comprehensive understanding of the case and its merits. These attorneys often have established reputations and leverage that can facilitate favorable settlements.

On the other hand, an individual investor must rely on their own legal counsel to negotiate terms, which may not always result in a better deal. The Hims & Hers class action lawsuit, illustrates this point well; staying in the class could ensure that investors benefit from expertly negotiated settlements rather than risking potentially inferior outcomes through independent litigation.

In conclusion, while opting out of a securities class action lawsuit such as the Hims & Hers class action lawsuit might seem appealing to some investors seeking autonomy or potentially higher recoveries, it comes with significant risks and disadvantages. The potential loss of collective bargaining power, higher legal costs, inconsistent outcomes, prolonged litigation processes, and uncertain settlement negotiations all underscore the challenges faced by those who choose to go it alone.

Therefore, investors should carefully weigh these cons against any perceived benefits before deciding to opt out of the Hims & Hers class action lawsuit.

You Have the Right to File a Shareholder Derivative Action

As a class member, you possess the right to file a shareholder derivative action against the board for breaches of fiduciary duty. This legal mechanism allows shareholders to address grievances and seek remedies when the board of directors fails to act in the best interests of the corporation.

In cases where the board’s decisions or actions have resulted in financial harm or a breach of trust, shareholders can take legal action to hold them accountable. For instance, if you are part of Hims & Hers and feel that the board has acted improperly, you can file a shareholder derivative lawsuit to challenge their decisions and seek corrective measures.

The concept of fiduciary duty is central to corporate governance, ensuring that board members prioritize the interests of the company and its shareholders above personal gains. When breaches occur, such as mismanagement, self-dealing, or negligence, it undermines shareholder trust and can have detrimental effects on the company’s value and reputation.

By filing a shareholder derivative action, you can address these issues and potentially recover losses or enforce changes in governance practices. In the context of Hims & Hers, a lawsuit might be necessary if there are clear indications that board members have failed in their fiduciary responsibilities.

Taking legal action against a board for breaches of fiduciary duty is not a decision to be taken lightly. It requires thorough investigation, substantial evidence, and often considerable legal expertise. Shareholders must demonstrate that the board’s actions have directly harmed the corporation and that they are acting in the company’s best interest by pursuing litigation.

However, when justified, such actions can serve as an important tool for maintaining corporate integrity and protecting shareholder value. If you believe that Hims & Hers’s board has breached its fiduciary duties, filing a lawsuit may be a critical step in addressing these concerns and ensuring proper governance moving forward.

You Have the Right to Demand Access to the Company’s Books and Records

As a class member and a shareholder, you have the right to demand access to the company’s books and records under Delaware law. This legal provision empowers shareholders and class members to ensure transparency and accountability within corporations. In the context of a Hims & Hers class action lawsuit, such rights become particularly significant.

Delaware law mandates that corporations must comply with reasonable requests for inspection, provided the class member has a proper purpose related to their interest as a shareholder. For instance, if there is suspicion of mismanagement or fraud, requesting access to financial statements, meeting minutes, and other relevant documents can help substantiate any claims.

Moreover, Delaware courts have historically upheld the rights of shareholders to inspect company records, reinforcing the importance of corporate governance. In cases like the Hims & Hers class action lawsuit, this right is crucial for shareholder to gather evidence, protect their investment, and possibly influence the outcome of legal proceedings and file a derivative lawsuit.

It is essential for shareholders to understand that while they have this right, they must demonstrate a credible reason for their request. Simply put, the intent behind demanding access should align with safeguarding their interests as investors or enforcing their legal rights.

Furthermore, Delaware’s statutes are designed to balance the interests of both corporations and shareholders. While companies must maintain confidentiality and protect sensitive information, they are also obligated to foster transparency when legitimate concerns arise.

In light of the Hims & Hers class action lawsuit, exercising your right to inspect company books and records can serve as a pivotal tool in advocating for justice and ensuring that corporate entities adhere to ethical standards. Therefore, being well-informed about your rights under Delaware law can significantly enhance your ability to navigate complex legal landscapes and uphold shareholder value.