SelectQuote Class Action Alert: Investors Should Act Now
SelectQuote Class Action Alert: Investors Should Act Now
Investors in SelectQuote, Inc. should take immediate notice as the company faces a class action lawsuit that could impact them significantly. The respected law firm Kahn Swick & Foti, LLC ("KSF") has reminded shareholders who experienced losses exceeding $100,000 of their right to seek legal recourse. The core issue at hand involves allegations of misleading information disclosed by SelectQuote and its executives during the Class Period.
Important Details on the Class Action Lawsuit
According to KSF, investors have a crucial deadline approaching. Those who purchased SelectQuote securities in the timeframe from September 9, 2020, to May 1, 2025, are eligible to file lead plaintiff applications by an upcoming date. This lawsuit is being handled in the United States District Court for the Southern District of New York.
Rights and Actions for Investors
If you are one of the many investors concerned about how this situation might affect your financial interests, you are encouraged to speak with KSF Managing Partner Lewis Kahn. He offers confidential consultations about your legal rights and the implications of the class action lawsuit without any cost. You can reach out via phone or visit their website to learn more about your options, including serving as a lead plaintiff.
Background of the Allegations
The lawsuit accuses SelectQuote of failing to disclose pivotal information that influenced the stock's performance. The crux of the allegations centers on a False Claims Act complaint filed by the U.S. Department of Justice (DOJ). The DOJ claims that SelectQuote accepted illegal kickbacks from health insurance companies to benefit their plans, which ultimately led to significant repercussions for Medicare beneficiaries.
Impact on SelectQuote's Stock Price
The public announcement of these allegations on May 1, 2025, resulted in a notable decline in SelectQuote's stock price. The shares plummeted by 19.2%, settling at $2.56 per share—an alarming drop that reflects investors' deep concerns regarding the company's operational integrity and compliance with federal regulations.
Further Insights on Kahn Swick & Foti, LLC
Kahn Swick & Foti, LLC is a distinguished networking group in the realm of securities litigation. Their team, which includes partners with extensive legal expertise, has gained recognition in the industry for their dedication to assisting investors in retrieving losses stemming from corporate misconduct. Their track record of success places them among the leading firms nationwide in achieving optimal settlements for clients plagued by financial setbacks due to fraudulent activities.
KSF's Commitment to Clients
KSF is steadfast in its mission to advocate for investors’ rights. The firm prides itself on its capacity to navigate complex legal challenges, ensuring that each client is thoroughly represented. If you're an affected shareholder, consider leveraging KSF's wealth of experience and thorough understanding of security litigation to safeguard your financial interests.
Connect with Kahn Swick & Foti
For those seeking assistance or wanting to engage further with KSF, you can find comprehensive information about their services on their official website. Be proactive in protecting your rights and interests as a shareholder in SelectQuote, Inc.
Frequently Asked Questions
1. What is the deadline for filing a lead plaintiff application against SelectQuote?
The deadline to file lead plaintiff applications is October 10, 2025.
2. Who can join the class action lawsuit?
Investors who purchased SelectQuote securities between September 9, 2020, and May 1, 2025, are eligible to join the lawsuit.
3. What are the key allegations against SelectQuote?
SelectQuote and its executives are accused of failing to disclose material information and engaging in illegal kickback schemes.
4. How can investors know if they are affected by the lawsuit?
If you have incurred significant losses from your investment in SelectQuote during the specified period, you may be affected and should seek legal consultation.
5. What should I do if I want to take action?
Contact Kahn Swick & Foti, LLC for a free consultation and consider filing a lead plaintiff application before the deadline.
About The Author
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