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SELECTQUOTE SHAREHOLDER ALERT BY FORMER LOUISIANA ATTORNEY GENERAL: KAHN SWICK & FOTI, LLC REMINDS INVESTORS WITH LOSSES IN EXCESS OF $100,000 of Lead Plaintiff Deadline in Class Action Lawsuit Against SelectQuote, Inc. - SLQT
SelectQuoteSelectQuote(US:SLQT) Prnewswireยท2025-08-16 02:53

Core Viewpoint - A securities class action lawsuit has been filed against SelectQuote, Inc. for failing to disclose material information, with a deadline for lead plaintiff applications set for October 10, 2025 [1][3]. Group 1: Lawsuit Details - The lawsuit involves SelectQuote and certain executives, alleging violations of federal securities laws during the class period from September 9, 2020, to May 1, 2025 [1][3]. - The U.S. Department of Justice filed a complaint against SelectQuote on May 1, 2025, claiming the company received "tens of millions of dollars" in illegal kickbacks from health insurance companies from 2016 to at least 2021 [4]. - The DOJ alleges that SelectQuote engaged in a conspiracy to discriminate against less profitable Medicare beneficiaries and made materially false claims about offering unbiased coverage comparisons [4]. Group 2: Financial Impact - Following the DOJ's allegations, SelectQuote's share price dropped by $0.61, or 19.2%, closing at $2.56 per share on May 1, 2025, amid unusually heavy trading volume [4]. Group 3: Legal Representation - Kahn Swick & Foti, LLC, a prominent securities litigation law firm, is representing investors in this case, with a strong track record in recovering investment losses due to corporate fraud [5].