An investigation on behalf of current long term investors in LifeStance Health Group, Inc. (NASDAQ:LFST) shares over possible breaches of fiduciary duty by certain officers and directors was announced.

San Diego, CA -- (SBWire) -- 11/09/2022 --An investigation was announced for long-term investors in shares of LifeStance Health Group, Inc. (NASDAQ: LFST) concerning potential breaches of fiduciary duties by certain directors of LifeStance Health Group, Inc.

Investors who are current long term investors in LifeStance Health Group, Inc. (NASDAQ: LFST) shares, have certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.

The investigation by a law firm for investors in NASDAQ: LFST stocks follows a lawsuit filed against LifeStance Health Group, Inc. over alleged securities laws violations. The investigation on behalf of current long term investors in NASDAQ: LFST stocks, concerns whether certain LifeStance Health Group, Inc. directors are liable in connection with the allegations made in that lawsuit.

The plaintiff alleges that the Defendants failed to disclose to investors that the number of virtual visits clients were undertaking utilizing LifeStance Health Group, Inc. was decreasing as the COVID-19 lockdowns were being lifted, thereby flatlining the Company's out-patient/virtual revenue growth, that the percentage of in-person visits clients were undertaking utilizing LifeStance Health Group, Inc. was increasing as the COVID-19 lockdowns were being lifted, thereby causing the Company's operating expenses to increase substantially, that LifeStance Health Group, Inc. had lost a large number of physicians due to burn-out and, as a result, its physician retention rate had fallen significantly below the 87% highlighted in the Registration Statement and the Company had been expending additional costs to onboard new physicians who were less productive than the outgoing physicians they were replacing, and that as a result, Defendants' positive statements about the Company's business, operations, and prospects were materially misleading and/or lacked a reasonable basis at all relevant times.

Those who purchased shares of LifeStance Health Group, Inc. (NASDAQ: LFST) have certain options and should contact the Shareholders Foundation.

Contact:
Shareholders Foundation, Inc.
Michael Daniels
3111 Camino Del Rio North - Suite 423
92108 San Diego
Phone: +1-(858)-779-1554
Fax: +1-(858)-605-5739
mail@shareholdersfoundation.com

About The Shareholders Foundation
The Shareholders Foundation, Inc. is a professional portfolio monitoring and settlement claim filing service, , which does research related to shareholder issues and informs investors of securities class actions, settlements, judgments, and other legal related news to the stock/financial market. Shareholders Foundation, Inc. is in contact with a large number of shareholders and offers help, support, and assistance for every shareholder. The Shareholders Foundation, Inc. is not a law firm. Referenced cases, investigation, and/or settlements are not filed/reached and/or related to Shareholders Foundation. The information is provided as a public service. It is not intended as legal advice and should not be relied upon.