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SLQT Investors Have Opportunity to Lead SelectQuote, Inc. Securities Fraud Lawsuit with the Schall Law Firm
SelectQuoteSelectQuote(US:SLQT) Prnewswireยท2025-08-14 13:18

Core Viewpoint - A class action lawsuit has been filed against SelectQuote, Inc. for alleged violations of securities laws, specifically related to misleading statements made by the company regarding its business practices in Medicare services [1][4]. Group 1: Lawsuit Details - The lawsuit is based on claims that SelectQuote made false and misleading statements to the market, particularly regarding its practices of directing Medicare beneficiaries to plans that provided the highest payments to the company, rather than considering the suitability of those plans for customers [4]. - The class period for the lawsuit is defined as from September 9, 2020, to May 1, 2025, during which investors who purchased the company's securities may have suffered losses [2]. Group 2: Investor Participation - Investors who believe they have incurred losses due to SelectQuote's actions are encouraged to contact the Schall Law Firm before October 10, 2025, to discuss their rights and potentially participate in the class action [2][3]. - The class has not yet been certified, meaning that until certification occurs, affected investors are not represented by an attorney [3]. Group 3: Allegations Against the Company - The complaint alleges that SelectQuote received kickbacks for steering Medicare customers to specific insurers while limiting enrollment options for competitors, which contributed to the misleading nature of the company's public statements [4]. - The misleading statements resulted in significant damages to investors once the truth about SelectQuote's practices became public [4].