BetterHelp
Team members of New York Liberty, Las Vegas Aces and Dallas Wings will have access to licensed therapists, educational tools and resources.
The suit alleges Teladoc made misleading claims about its advertising spending related to BetterHelp causing decreased revenues and a substantial drop in its stock price.
In a proposed order, the online therapy company would also pay $7.8 million for allegedly sharing consumer data with third parties like Facebook and Snapchat for advertising purposes.
In late April news broke that remote visits company Teladoc had taken the first steps toward filing for an IPO, but the initial filing was private.