
Company Overview - SelectQuote, Inc. is an insurance broker that specializes in selling Medicare Advantage and other health insurance plans [3]. Legal Investigation - Robbins Geller Rudman & Dowd LLP is investigating potential violations of U.S. federal securities laws involving SelectQuote, focusing on whether the company and its executives made false or misleading statements or failed to disclose material information to investors [1]. - The U.S. Department of Justice filed a complaint against SelectQuote and other insurance broker organizations, alleging that they received illegal kickbacks from insurers in exchange for enrollments into Medicare Advantage plans [3]. Market Impact - Following the announcement of the DOJ complaint, SelectQuote's stock price experienced a significant decline, falling more than 19% [3].