StockNews.AI
SLQT
StockNews.AI
74 days

INVESTIGATION ALERT: Edelson Lechtzin LLP Announces Investigation Of SelectQuote, Inc. (NYSE: SLQT) and Encourages Investors with Substantial Losses or Witnesses with Relevant Information to Contact the Firm

1. Edelson Lechtzin LLP investigates SelectQuote for misleading business information. 2. A DOJ complaint alleges SelectQuote received kickbacks from Humana. 3. SelectQuote's stock fell 19.2% to $2.56 post-complaint announcement. 4. Investors encouraged to share non-public information regarding possible misconduct. 5. The investigation raises serious concerns about SelectQuote's business practices.

4m saved
Insight
Article

FAQ

Why Very Bearish?

The DOJ complaint and resulting stock drop indicate severe investor mistrust. Historical examples, such as Wells Fargo's fake accounts scandal, show similar allegations led to significant long-term impacts.

How important is it?

The legal investigation and stock decline signal substantial risk to SLQT's financial future. Higher-than-usual market scrutiny is likely to persist as the case unfolds.

Why Long Term?

Regulatory investigations can lead to prolonged scrutiny, affecting investor sentiment and stock performance over time. Past cases demonstrate that it may take years for companies to recover from such allegations.

Related Companies

HUMWFCAET
NEWTOWN, Pa., June 06, 2025 (GLOBE NEWSWIRE) -- Edelson Lechtzin LLP is investigating potential violations of the federal securities laws involving SelectQuote, Inc. (“SelectQuote”) (NYSE: SLQT), resulting from allegations of providing potentially misleading business information to the investing public. If you have non-public information that could assist in the SelectQuote investigation, or if you are a SelectQuote investor who suffered a loss and would like to learn more, you can provide your information HERE. You can also contact attorney Eric Lechtzin of Edelson Lechtzin LLP by calling 844-563-5550 or via e-mail at elechtzin@edelson-law.com. THE COMPANY: SelectQuote is a direct-to-consumer insurance platform that offers health, life, auto, and home insurance policies, as well as medication management services through its SelectRx pharmacy division. THE ALLEGED WRONGDOING: On May 1, 2025, the Department of Justice filed a False Claims Act complaint against SelectQuote, alleging the company received millions of dollars in kickbacks from Humana, one of the largest health insurance providers in the U.S. According to the government’s complaint, SelectQuote received the kickbacks in exchange for providing specific quantities of Medicare Advantage plan enrollments to Humana, maintaining a sales division that offered only Humana policies, and steering a substantial share of overall business to Humana. Following the complaint, SelectQuote stock fell $0.61 per share, or 19.2%, to close at $2.56 per share on May 1, 2025. ABOUT EDELSON LECHTZIN LLP: Edelson Lechtzin LLP is a national class action law firm with offices in Pennsylvania and California. In addition to cases involving securities and investment fraud, our lawyers focus on class cases alleging violations of the federal antitrust laws, employee benefit plans under ERISA, wage theft, data security, and consumer fraud. For more information, please contact: Marc H. Edelson, Esq.Eric Lechtzin, Esq.EDELSON LECHTZIN LLP411 S. State Street, Suite N-300Newtown, PA 18940Phone: 844-696-7492 or 215-867-2399 ext. 1 Email: medelson@edelson-law.com Email: elechtzin@edelson-law.com   Web: www.edelson-law.com This press release may be considered Attorney Advertising in some jurisdictions. No class has been certified in this case, so you are not represented by counsel unless you retain one. You may select counsel of your choice. You may also remain an absent class member and do nothing at this point. Your ability to share in any potential future recovery is not dependent upon serving as lead plaintiff.

Related News