Overview

• The Beauty Health Company is facing a class action lawsuit for allegedly making false and misleading statements about its business, operations, and prospects.
• The lawsuit alleges that the company failed to disclose issues with its Syndeo 1.0 and 2.0 devices, leading to 'frequent treatment interruptions'.
• Despite enhancements, providers reportedly continued to experience issues with the Syndeo devices.
• The company announced disappointing third quarter results and $63.1 million in restructuring charges related to device upgrades of early generation Syndeo devices.
• Following the announcement, the company's share price fell by more than 64%.