Teladoc Health, Inc. (TDOC) CFO Accused of Engaging in Inappropriate Relationships and Insider Trading
According to the complaint against the company’s officers and directors for alleged violations of the Securities Exchange Act of 1934 between March 3, 2016 and December 5, 2018, Mark Hirschorn, Executive Vice President, Chief Operating Officer, and Chief Financial Officer of Teladoc Health, Inc. (TDOC) Health engaged in an inappropriate sexual relationship with a subordinate many levels below him, engaged in insider trading with the subordinate, and caused the subordinate to receive a series of unqualified promotions. On December 5, 2018, the truth came out when the Southern Investigative Research Foundation published an article reporting the inappropriate conduct. Following the publication, Teladoc’s stock price fell sharply by $4.00, or 6.79%, to close at $55.81.
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