Workflow
SLQT INVESTOR ALERT: Bronstein, Gewirtz & Grossman LLC Announces that SelectQuote, Inc. Investors with Substantial Losses Have Opportunity to Lead Class Action Lawsuit
SelectQuoteSelectQuote(US:SLQT) GlobeNewswire News Room·2025-08-13 20:00

Core Viewpoint - A class action lawsuit has been filed against SelectQuote, Inc. for alleged violations of federal securities laws, impacting investors who purchased the company's securities between September 9, 2020, and May 1, 2025 [1][2]. Summary by Sections Class Definition - The lawsuit aims to recover damages for all individuals and entities that acquired SelectQuote securities during the specified Class Period [2]. Case Details - The complaint alleges that SelectQuote's executives made materially false and misleading statements and failed to disclose significant adverse facts about the company's operations, including: 1. Directing Medicare beneficiaries to plans that compensated SelectQuote rather than providing unbiased comparisons [3]. 2. Receiving illegal kickbacks to steer beneficiaries to certain insurers [3]. 3. Non-compliance with applicable laws and regulations, making the company vulnerable to legal sanctions [3]. 4. Misleading positive statements regarding the company's business and prospects [3]. Stock Price Impact - Following the news of the lawsuit, SelectQuote's stock price dropped by $0.61, or 19.2%, closing at $2.56 per share on May 1, 2025, with unusually high trading volume [4]. Next Steps - Investors who suffered losses in SelectQuote have until October 10, 2025, to request appointment as lead plaintiff in the class action [5]. Legal Representation - The law firm Bronstein, Gewirtz & Grossman operates on a contingency fee basis, meaning they will only collect fees if the case is successful [6][7].