Teladoc Exec’s At-Work Affair Led to Stock Drop: Suit (1)

An international telehealth company misled investors about a top executive’s improper relationship with a subordinate and the pair’s alleged insider trades, a Dec. 12 complaint says.

Teladoc Health Inc. didn’t tell investors that Mark Hirschhorn had a sexual relationship with a low-level employee, nor that he improperly promoted her and helped her make insider trades, according to the complaint filed in the U.S. District Court for the Southern District of New York.

Hirschhorn is currently Teladoc’s chief financial officer, chief operating officer, and executive vice president, the complaint says.

A Teladoc representative declined to comment on the suit. The report ...