SelectQuote, Inc. Investors Encouraged to Join Class Action Lawsuit
SelectQuote, Inc. Investors Encouraged to Join Class Action Lawsuit
Attorney Advertising - Bronstein, Gewirtz & Grossman, LLC, a well-known national law firm, has announced that a class action lawsuit is underway against SelectQuote, Inc. (NYSE: SLQT) and several of its executives. This lawsuit presents a significant opportunity for investors who have suffered losses to seek justice.
Understanding the Class Definition
The lawsuit aims to address alleged violations of federal securities laws involving all individuals and entities that purchased or acquired SelectQuote securities during a specified period. Investors who faced losses during this time are being encouraged to consider joining the case.
Highlights of the Case Details
The filed complaint outlines that many materially false and misleading statements were made by the defendants. Furthermore, it highlights significant omissions related to the company's operations and business prospects. Some crucial points include:
- The company allegedly directed Medicare beneficiaries to plans that favored SelectQuote financially, without ensuring the quality of those plans.
- There were claims that SelectQuote failed to provide objective comparisons in the Medicare Advantage market.
- The company is accused of accepting illegal kickbacks for promoting certain insurers, which limited Medicare beneficiaries' options.
- Due to these actions, SelectQuote may be vulnerable to regulatory scrutiny and may have violated the False Claims Act.
The allegations indicate that the positive statements made by the company regarding its business health were not grounded in reality.
Impact on Stock and Next Steps
Following the revelations surrounding the lawsuit, SelectQuote's stock experienced a significant drop. The stock declined by $0.61, approximately 19.2%, closing at $2.56 per share, amidst unusually heavy trading.
If you're interested in pursuing a claim, a class action has already been initiated. Details about the lawsuit and how to participate can be found on the law firm's official website. Investors are encouraged to act swiftly to ensure their voices are heard.
Why Choose Bronstein, Gewirtz & Grossman, LLC?
Bronstein, Gewirtz & Grossman is a respected firm that specializes in representing investors in securities fraud class actions. The firm has a solid track record, having recovered substantial funds for investors across the nation. They operate on a contingency fee basis, meaning legal fees are covered only if the case is successful, ensuring that investors do not bear upfront costs.
Frequently Asked Questions
What is the purpose of the class action lawsuit against SelectQuote?
The class action lawsuit seeks to recover damages for investors who suffered losses due to alleged violations of securities laws by SelectQuote.
How can I join the class action lawsuit?
Investors are encouraged to visit the law firm’s website to get more information about joining the case.
What are the implications if I join the lawsuit?
By joining the lawsuit, you may become eligible for compensation depending on the outcomes of the case and any settlements reached.
What should I know about Bronstein, Gewirtz & Grossman LLC?
This law firm specializes in securities fraud cases and has successfully represented numerous clients over the years.
Is there any financial risk in joining the lawsuit?
There is no cost required to join; the representation operates on a contingency fee arrangement, meaning you pay only if the case is successful.
Contact: For further inquiries, you can reach out to Peretz Bronstein or Nathan Miller at Bronstein, Gewirtz & Grossman, LLC at 332-239-2660.
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