1. Rosen Law Firm investigates potential claims against SelectQuote shareholders. 2. Allegations suggest SelectQuote issued misleading business information. 3. A class action may provide compensation to affected shareholders. 4. SelectQuote stock dropped 19.2% following DOJ allegations of illegal kickbacks. 5. Investors encouraged to join class action without upfront costs.
The DOJ's allegations resulted in a significant stock drop, indicating severe negative sentiment. Historical cases show that legal troubles often lead to prolonged price declines.
The report discusses serious legal allegations that directly impact SLQT's market confidence and stock price. Legal proceedings can significantly alter investor perception.
Immediate impact due to ongoing legal investigations. Market sentiment typically responds quickly to legal issues.
Rosen Law Firm, a global investor rights law firm, continues to investigate potential securities claims on behalf of shareholders of SelectQuote, Inc. (NYSE: SLQT) resulting from allegations that SelectQuote may have issued materially misleading business information to the investing public.
If you purchased SelectQuote securities you may be entitled to compensation without payment of any out of pocket fees or costs through a contingency fee arrangement. The Rosen Law Firm is preparing a class action seeking recovery of investor losses.
To join the prospective class action, go to https://rosenlegal.com/submit-form/?case_id=39510 or call Phillip Kim, Esq. toll-free at 866-767-3653 or email [email protected] for information on the class action.
On May 1, 2025, the United States Department of Justice published an announcement entitled "The United States Files False Claims Act Complaint Against Three National Health Insurance Companies and Three Brokers Alleging Unlawful Kickbacks and Discrimination Against Disabled Americans." The release stated, in pertinent part, that SelectQuote had been charged and that "from 2016 through at least 2021, the defendant insurers paid hundreds of millions of dollars in illegal kickbacks to the defendant brokers in exchange for enrollments into the insurers' Medicare Advantage plans."
On this news, SelectQuote's stock fell 19.2% on May 1, 2025.
We encourage investors to select qualified counsel with a track record of success in leadership roles. Often, firms issuing notices do not have comparable experience, resources, or any meaningful peer recognition. Many of these firms do not actually litigate securities class actions. Be wise in selecting counsel. The Rosen Law Firm represents investors throughout the globe, concentrating its practice in securities class actions and shareholder derivative litigation. Rosen Law Firm achieved the largest ever securities class action settlement against a Chinese Company at the time. At the time Rosen Law Firm was Ranked No. 1 by ISS Securities Class Action Services for number of securities class action settlements in 2017. The firm has been ranked in the top 4 each year since 2013 and has recovered hundreds of millions of dollars for investors. In 2019 alone the firm secured over $438 million for investors. In 2020, founding partner Laurence Rosen was named by law360 as a Titan of Plaintiffs' Bar. Many of the firm's attorneys have been recognized by Lawdragon and Super Lawyers.
Attorney Advertising. Prior results do not guarantee a similar outcome.
Laurence Rosen, Esq.
Phillip Kim, Esq.
The Rosen Law Firm, P.A.
275 Madison Avenue, 40th Floor
New York, NY 10016
Tel: (212) 686-1060
Toll Free: (866) 767-3653
Fax: (212) 202-3827
[email protected]
www.rosenlegal.com
SOURCE THE ROSEN LAW FIRM, P. A.