FTC Suit Alleges Hims Shared Health Data and Misled Billing; Shareholders File
On July 29, 2026, the FTC announced it filed a lawsuit against Hims, alleging the telehealth provider shared consumers’ sensitive health information with third-party advertising platforms despite claiming privacy protections, and deceived users about billing and cancellation practices. The news sent Hims shares down 14.73% and shareholders filed a securities-fraud class action, with lead-plaintiff motions due Nov. 2, 2026.