NEW YORK, Feb. 11, 2015 (GLOBE NEWSWIRE) -- The following statement is being issued by Levi & Korsinsky, LLP:
TO: ALL PERSONS OR ENTITIES WHO PURCHASED OR OTHERWISE ACQUIRED COMMON STOCK OF eHealth Inc. (Nasdaq: EHTH ) BETWEEN OCTOBER 31, 2014 AND JANUARY 14, 2015 .
YOU ARE HEREBY NOTIFIED that a securities class action lawsuit has been commenced in the United States District Court for the Northern District of California. If you purchased or otherwise acquired eHealth, Inc. common stock between October 31, 2014 and January 14, 2015, YOUR RIGHTS MAY BE AFFECTED BY THIS ACTION .
To get more information, click here: http://zlk.9nl.com/ehealth-ehth . There is no cost or obligation to you.
The complaint alleges that the Company made false and/or misleading statements regarding its business, operations, and prospects. On January 14, 2015, the Company reported expected quarterly revenues of $43-45 million, and losses per share of $0.47 to $0.58, well below the consensus revenues of $56.2 million and $0.11 per-share losses. The Company attributed the revision in part to lower than expected applications for its Individual & Family Plan. As a result of this news, eHealth's shares dropped almost 55% to $9.42 per share.
If you suffered a loss in eHealth you have until March 27, 2015 to request that the Court appoint you as lead plaintiff. Your ability to share in any recovery doesn't require that you serve as a lead plaintiff. To obtain additional information, contact Joseph E. Levi, Esq. either via email at jlevi@zlk.com or by telephone at (212) 363-7500, toll-free: (877) 363-5972, or visit http://zlk.9nl.com/ehealth-ehth .
Levi & Korsinsky is a national firm with offices in New York, New Jersey, Connecticut and Washington D.C. The firm's attorneys have extensive expertise in prosecuting securities litigation involving financial fraud, representing investors throughout the nation in securities and shareholder lawsuits. For more information, please feel free to contact any of the attorneys listed below. Attorney advertising. Prior results do not guarantee similar outcomes.
Levi & Korsinsky, LLP Eduard Korsinsky, Esq. 30 Broad Street - 24th Floor New York, NY 10004 Tel: (212) 363-7500 Toll Free: (877) 363-5972 Fax: (866) 367-6510 www.zlk.com
