Deadline Alert: SelectQuote, Inc. (SLQT) Investors Who Lost Money Urged To Contact Glancy Prongay & Murray LLP About Securities Fraud Lawsuit

Core Viewpoint - The article discusses a class action lawsuit against SelectQuote, Inc. due to allegations of receiving illegal kickbacks from health insurance companies and misleading investors about its business practices [1][2][3]. Group 1: Allegations and Legal Actions - The U.S. Department of Justice filed a False Claims Act complaint against SelectQuote, alleging that from 2016 to at least 2021, the company received "tens of millions of dollars" in illegal kickbacks for steering Medicare beneficiaries to specific insurers [2]. - SelectQuote is accused of making materially false claims regarding its services, claiming to offer unbiased coverage comparisons while directing beneficiaries to plans that paid the most [2][3]. - The class action lawsuit alleges that SelectQuote failed to disclose critical information about its operations, including the receipt of illegal kickbacks and non-compliance with applicable laws [3]. Group 2: Financial Impact - Following the DOJ's announcement, 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 [2]. Group 3: Class Action Participation - Investors who purchased SelectQuote securities during the specified Class Period (September 9, 2020, to May 1, 2025) have until October 10, 2025, to file a lead plaintiff motion in the class action lawsuit [1][4].