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Wolf Haldenstein Adler Freeman & Herz LLP announces that it is investigating MediaAlpha, Inc. for potential violations of securities laws

1. Wolf Haldenstein is investigating claims of securities fraud against MediaAlpha. 2. FTC is preparing a complaint against MediaAlpha for misleading advertising. 3. On November 5, 2024, MediaAlpha's stock dropped 27.7% after the FTC notice.

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FAQ

Why Very Bearish?

The investigation and FTC complaint are serious, likely to deter investors. Similar news caused a significant drop previously, reflecting high sensitivity.

How important is it?

Legal actions against a company directly affect investor confidence and stock value.

Why Short Term?

Immediate legal actions can impact stock prices quickly. Recent market responses indicate the urgency of investor sentiment.

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MAXFTC
PLEASE CLICK HERE TO PROVIDE YOUR CONTACT INFORMATION NEW YORK, Jan. 15, 2025 (GLOBE NEWSWIRE) -- Wolf Haldenstein Adler Freeman & Herz LLP ("Wolf Haldenstein"), a preeminent national shareholder rights litigation firm, announces that it is investigating claims on behalf of investors of MediaAlpha. Inc. (“MediaAlpha”) (NYSE: MAX) The investigation concerns whether MediaAlpha and certain of its officers and/or directors have engaged in securities fraud. PLEASE CLICK HERE TO PROVIDE YOUR CONTACT INFORMATION On November 4, 2024, MediaAlpha disclosed that it had received a letter from the Federal Trade Commission (“FTC”) staff stating that the FTC is "prepared to recommend the filing of a complaint against the Company," claiming that MediaAlpha falsely "represented itself as affiliated with government entities, made misleading claims (in particular regarding health insurance products and use of consumers' personal information) and utilized deceptive advertising." On this news, MediaAlpha's stock price fell $4.46, or 27.7%, to close at $11.62 per share on November 5, 2024. Wolf Haldenstein has experience in the prosecution of securities class actions and derivative litigation in state and federal trial and appellate courts across the country. The firm has attorneys in various practice areas, and offices in New York, Chicago, Nashville and San Diego. The reputation and expertise of this firm in shareholder and other class litigation has been repeatedly lauded by the courts, which have appointed it to major positions in complex securities, multi-district and consolidated litigation. If you wish to discuss this investigation or have any questions regarding your rights and interests, please immediately contact Wolf Haldenstein by telephone at (800) 575-0735 or via e-mail at classmember@whafh.com. Contact: Wolf Haldenstein Adler Freeman & Herz LLPGregory Stone, Director of Case and Financial AnalysisEmail: gstone@whafh.com or classmember@whafh.comTel: (800) 575-0735 or (212) 545-4774 This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules.

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