StockNews.AI
MAX
StockNews.AI
167 days

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

1. Wolf Haldenstein investigates claims of securities fraud against MediaAlpha Inc. 2. MediaAlpha aims to enhance consumer targeting for insurance carriers through technology. 3. FTC suggests filing a complaint against MediaAlpha for misleading representations. 4. Following the FTC news, MediaAlpha's stock fell 27.7% to $11.62 per share. 5. Investors can discuss their rights with Wolf Haldenstein regarding the investigation.

4m saved
Insight
Article

FAQ

Why Very Bearish?

The investigation and FTC complaint suggest serious operational issues, echoing past instances when regulatory scrutiny led to significant stock declines, such as with Theranos.

How important is it?

The ongoing investigation directly affects MediaAlpha’s stock performance and investor trust, making it a critical concern for current and potential investors.

Why Short Term?

The immediate impact from the investigation and stock drop will affect investor sentiment and stock performance in the near term, similar to previous case impacts post-announcement.

Related Companies

METAAAPLGOOGLUBERLYFT
PLEASE CLICK HERE TO PROVIDE YOUR CONTACT INFORMATION NEW YORK, March 05, 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. (NYSE: MAX).(“MediaAlpha” or the “Company”). 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 MediaAlpha aims to help insurance carriers and distributors target and acquire consumers more efficiently and at greater scale through technology and data science. The Company’s technology platform brings together leading insurance carriers and high-intent consumers through a real-time, programmatic, transparent, and results-driven ecosystem. MediaAlpha claims to be the largest online customer acquisition platform in the core verticals of property & casualty insurance, health insurance and life insurance. On November 4, 2024, MediaAlpha disclosed receipt of a letter from the FTC, which stated that the FTC was “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 declined $4.46 per share or 27.7% to close at $11.62 per share. 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.

Related News