What are the legal fees and costs associated with participating in the class action? | HIMS (Aug 06, 2025) | Candlesense
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What are the legal fees and costs associated with participating in the class action?

Answer – Legal Fees & Costs: What We Know from the Provided News

The Business Wire release that you referenced does not contain any specific information about the legal fees, costs, or the fee‑structure that participants (i.e., investors of Hims & Hers) would be responsible for if they decide to join the class‑action lawsuit. The brief notice only serves to remind investors that a class‑action filing has been made on their behalf and that they may have an opportunity to participate.

Because the news release does not disclose:

Detail Status in the news release
Attorney‑fee percentage (e.g., 30 % of any recovery) Not mentioned
Any upfront filing or “pro‑bono” costs Not mentioned
Whether fees are contingency‑based or require a cash retainer Not mentioned
Potential out‑of‑pocket costs (e.g., court filing fees, expert‑witness fees, etc.) Not mentioned
Procedures for getting a fee‑estimate or a cost breakdown Not mentioned

What Typically Happens in a Class‑Action – General Guidance (Not Specific to this Case)

Because the news release does not provide the details you’re looking for, we can outline the common ways class‑action lawsuits handle attorney fees and costs in the United States. This may help you understand what to expect and what to ask for when you contact the law firm that is handling the matter (e.g., Gibbs Mura LLP) or when you review the actual complaint/letter of representation.

Category Typical Arrangement in a Stock‑Class‑Action
Attorney‑Fee Arrangement Contingency fee – Typically 30 %–33 % of any net recovery to the class (including any settlements, court awards, and interest). Some firms may negotiate a lower percentage if the expected recovery is very large.
Court & Filing Fees Usually paid by the defendant if the class wins (or the court orders the defendant to pay the “legal costs”). In many class actions, the plaintiff’s attorneys will front these costs and recover them from the settlement pool.
Expert‑Witness, Investigation, & Other Expenses Often advanced by the lawyers (or by a special “case expenses” fund). If the class does not recover, the court may order the defendant to reimburse the attorneys for these out‑of‑pocket costs; otherwise, the attorneys may absorb them (or they may be deducted from the final recovery).
Advance Fees/Retainers Rare in class actions; most firms do not require a cash retainer from individual class members. If a firm does request a deposit, it must be disclosed and approved by the court.
“No‑win, no‑fee” Guarantee Most class actions are “contingency‑only” – you do not pay anything unless the case yields a positive monetary result for the class.
What the Court May Order Even after a settlement, the court can approve a “fee award” that includes the attorney’s fee and the “reasonable” costs of the litigation. The court may also limit the attorneys’ share if the fee is deemed excessive.

Key Take‑away: In a typical securities‑class‑action, individual investors rarely (if ever) pay lawyer fees out‑of‑pocket unless a court directs otherwise. The most common scenario is a contingent‑fee agreement that is paid out of the settlement or judgment funds, after the case is resolved.

How to Find the Specific Fees for This HIMS Litigation

Because the press release does not say, you should obtain the exact terms directly:

Action Why It Helps
Read the “Plaintiff’s Complaint” (filed in U.S. District Court, Northern District of California). The complaint often includes a paragraph describing “Attorney’s Fees and Costs.” Official source – the court filing is public.
Visit the law firm’s website (e.g., “Gibbs Mura LLP”) → look for “Class Action – Investor Litigation” and any “Fee/Cost” FAQ. Many firms post a “Class‑Action FAQ” that outlines fee percentages, whether costs are reimbursable, and any required disclosures.
Contact the law firm (phone or email) and ask:
• What is the contingency‑fee percent?
• Are any costs owed up‑front?
• How are costs (expert, court, etc.) handled if the case is lost?		 Direct, fastest route to precise numbers.
Check the Settlement Notice (if the class progresses to a settlement). The notice will contain a “Fee and Expense Settlement” table that outlines what portion of the settlement is earmarked for legal fees and costs. Provides the exact dollar amount that will be allocated to attorneys and other costs.
Read the “Form 14‑a” (If a settlement is reached). This form is filed with the court and outlines the total settlement pool, the attorney‑fee agreement, and the exact “Costs and Expenses” that will be paid from the pool. This is the official, court‑approved breakdown.

How to Proceed If You’re an Investor

  1. Locate the Official Complaint – The U.S. District Court (Northern District of California) docket can be searched via PACER (https://pacer.uscourts.gov) or via the court’s online docket.
  2. Read the “Attorney Fees & Costs” Section – Usually near the end of the filing, it states something like:
    > “Attorney’s Fees – 33 % of any net recovery, plus all reasonable costs and expenses incurred in prosecuting the action.”
  3. Check for “Cost Advance” Requests – If the attorneys request an “ad‑hoc” advance (rare), it must be approved by the Court. This will be noted in the filing.
  4. Monitor for Court‑Approved Fee Award – If/when a judgment or settlement is entered, the court will issue a “fee award memorandum” that precisely states the percentage (or dollar amount) approved for attorney fees.
  5. Ask the Firm for a “Fee & Cost Estimate” – Most law firms provide a brief letter summarizing the fee structure (e.g., “30 % of settlement plus reimbursement of court filing and expert witness costs”).

If you do not feel comfortable proceeding without a clear breakdown, you’re absolutely entitled to ask for a written “Fee Disclosure Letter” from the law firm before you sign any “claim‑submission” form.

Summary Answer to Your Question

  • The news release you provided does not list any legal‑fee or cost details for the Hims & Hers class‑action.
  • Typical practice in securities class actions is contingency‑based attorney fees (commonly around 30‑33 % of any net recovery) plus reimbursement of reasonable legal costs (court fees, expert fees, etc.) if a settlement or judgment is attained.
  • No cash out‑of‑pocket fees are usually required from individual investors, but the precise fee percentage and cost reimbursement scheme for this specific lawsuit can only be found in:
    1. the court‑filed complaint or subsequent court orders;
    2. the law firm’s official fee‑disclosure documents; and/or
    3. the Settlement/Fee award document if/when the case resolves.

Next Step: Contact the lead counsel (Gibbs Mura LLP) directly or review the court filing for the exact fee percentage and cost‑reimbursement terms specific to the Hims & Hers class‑action. If you need assistance locating the filing or interpreting the fee award once it’s issued, feel free to ask for guidance on using PACER or interpreting the court’s fee‑award memorandum.

Other Questions About This News

Are there any precedents for similar class action suits in the telehealth sector? How does this lawsuit compare to ongoing legal challenges faced by competitors such as Teladoc or GoodRx? What is the estimated timeline for the lawsuit resolution? Could the lawsuit lead to a temporary suspension of trading or heightened regulatory scrutiny? Does the lawsuit expose Hims & Hers Health to operational or reputational risks? How might the lawsuit affect the company's cash flow and balance sheet? How might this development affect investor sentiment and short‑term price volatility? What are the potential financial impacts for Hims & Hers Health if the class action lawsuit succeeds? Will a class action settlement, if any, dilute existing shareholders or affect earnings per share?