Overview

Basic information

Litigation

Active legal matters

Material Events

8-K disclosures

SEC Filings

Key regulatory docs

Insider Transactions

Ownership changes

Overview

Basic information

Litigation

Active legal matters

Material Events

8-K disclosures

SEC Filings

Key regulatory docs

Insider Transactions

Ownership changes

Talkspace, Inc. (TALK) Class Action Lawsuit (January 2022)

Settlement

1:22cv163 • January 7, 2022

Class Period Start

June 10, 2020

Class Period End

February 14, 2022

PSLRA Deadline

March 8, 2022

Case Allegations

10b5

Statutes of Repose

Jun 10, 2023

Country

United States

Court

Federal Court

Settlement Information

Please note that for cases in the settlement stage, claims are handled by the claims administrator and NOT Levi & Korsinsky. Any information or documentation previously provided to us does not constitute submission of a claim. If you need to file a claim, check the status of a claim, or have questions regarding distribution of settlement funds, please contact the claims administrator below.

Claim Deadline

October 23, 2023

Settlement Fund

$8,500,000

Settlement Status

Final Approval

Settlement Class

All persons or entities that purchased or otherwise acquired Talkspace, Inc. f/k/a Hudson Executive Investment Corp. (“Talkspace”) securities during the period between June 11, 2020 and November 15, 2021, inclusive.

Claim Administrator

Gilardi & Co. LLC
Talkspace Securities Settlement Claims Administrator c/o Gilardi & Co. LLC P.O. Box 301171 Los Angeles, CA 90030-1171
+1 866-690-7902
[email protected]

Hearing Date

October 30, 2023

Opt-out Deadline

October 9, 2023

Settlement Note

Download here

Proof Of Claim

Download here

Docket History

Oct 30, 2023

Final Approval of Settlement

The court has granted final approval of the settlement. Eligible investors who submit valid claims may receive a payment once the claims review and distribution process is completed.

Jun 30, 2023

Preliminary Approval of Settlement

The court has granted preliminary approval of a proposed settlement. This means the settlement can move forward for further consideration, but it has not yet received final approval. Potential class members will generally receive notice explaining the settlement, their rights, and any deadlines for submitting a claim, objecting to the settlement, or choosing not to participate.

Jun 30, 2023

Proof of Claim Form

To receive your portion of the recovery (if you are eligible), you must submit this form to the claims administrator by the deadline indicated on the form itself. If you do not submit this form in time, you will not be entitled to compensation. If you have questions about how to complete the form, you should contact the claims administrator.

May 26, 2023

Proposed Settlement

Oct 25, 2022

Motion to Dismiss

After reviewing the complaint(s) filed by plaintiffs, defendants have filed a motion requesting that the court dismiss some or all of the plaintiffs' claims. In a motion to dismiss, defendants might challenge the validity of plaintiffs' claims or adequacy of plaintiffs' pleadings. Once a motion to dismiss is filed, the judge will make a decision on whether part or all of the case should be dismissed or the case can proceed as alleged.

Aug 1, 2022

First Amended Complaint

A new complaint has been filed on behalf of certain investors in Talkspace, Inc.. Amended complaints may contain additional facts, parties, allegations, a change in the class definition, etc.

Jun 3, 2022

Appointment of Lead Plaintiff

The court has appointed a lead plaintiff to represent the interests of investors in the lawsuit. The lead plaintiff works with the attorneys handling the case, helps oversee the litigation, and represents the interests of the proposed class.

Jan 31, 2022

Additional Complaint

Another plaintiff has filed a complaint on behalf of investors in Talkspace, Inc.. The allegations and class definitions are substantively the same.

Jan 7, 2022

First Filed Complaint

A securities fraud class action complaint has been filed on behalf of certain investors in Talkspace, Inc..

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