1. SelectQuote faces a class action lawsuit for misleading statements to investors. 2. The lawsuit claims false advertising of Medicare Advantage comparisons. 3. Class period: September 9, 2020 to May 1, 2025. 4. Deadline for shareholders to join is October 10, 2025. 5. DJS Law Group highlights opportunities for affected investors to recover losses.
The lawsuit's allegations suggest fundamental issues in SelectQuote’s business practices, potentially undermining investor trust. Historical precedents show that similar lawsuits have led to significant stock price declines in affected companies.
The litigation directly targets SelectQuote, affecting current and future investor sentiment significantly. The potential for loss recovery and adverse publicity presents serious risks.
Class action lawsuits typically result in prolonged litigation processes, potentially affecting public perception and stock stability for an extended period. The deadline extends to 2025, prolonging investor uncertainty during this timeframe.
The DJS Law Group reminds investors of a class action lawsuit against SelectQuote, Inc. ("SelectQuote" or "the Company") (NYSE: SLQT) for violations of §§10(b) and 20(a) of the Securities Exchange Act of 1934 and Rule 10b-5 promulgated thereunder by the U.S. Securities and Exchange Commission.
Shareholders who purchased shares of SLQT during the class period listed are encouraged to contact the firm regarding possible lead plaintiff appointments. Appointment as lead plaintiff is not required to partake in any recovery.
CLASS PERIOD: September 9, 2020 to May 1, 2025
DEADLINE: October 10, 2025
CASE DETAILS: According to the Complaint, the Company made false and misleading statements to the market. SelectQuote claimed to provide customers with an unbiased comparison of Medicare Advantage plans but steered them towards providers who paid it the most. The Company accepted kickbacks from providers for encouraging customers to select their plans. Based on these facts, SelectQuote's public statements were false and materially misleading throughout the class period.
If you are a shareholder who suffered a loss, contact us to participate.
NEXT STEPS FOR SHAREHOLDERS: Once you register as a shareholder who purchased shares during the timeframe listed above, you will be enrolled in a portfolio monitoring software to provide you with status updates throughout the lifecycle of the case. There is no cost or obligation to you to participate in this case.
WHY DJS LAW GROUP? DJS Law Group's primary focus is to enhance investor return through balanced counseling and aggressive advocacy. We specialize in securities class actions, corporate governance litigation, and domestic/international M&A appraisals. Our clients are some of the largest and most sophisticated hedge funds and alternative asset managers in the world. The litigation claims of our clients are extraordinarily valuable assets that demand respect, focus, and results.
Join the case to recover your losses.
This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and rules of ethics.
View source version on businesswire.com: https://www.businesswire.com/news/home/20250929371168/en/
David J. Schwartz
DJS Law Group
274 White Plains Road, Suite 1
Eastchester, NY 10709
Phone: 914-206-9742
Email: David@djslawllp.com