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Lowey Dannenberg Notifies SelectQuote, Inc. (“SelectQuote” or the “Company”) (NYSE: SLQT) Investors of Securities Class Action Lawsuit and Encourages Investors with more than $50,000 in Losses to Contact the Firm
SelectQuoteSelectQuote(US:SLQT) GlobeNewswire News Room·2025-08-26 15:27

Core Viewpoint - A class action lawsuit has been filed against SelectQuote, Inc. for violations of federal securities laws, impacting investors who acquired securities during the specified Class Period [1][2]. Summary by Relevant Sections Allegations Against SelectQuote - The lawsuit alleges that SelectQuote misled investors by making false statements and failing to disclose critical information regarding its business practices related to Medicare beneficiaries [2]. - Specific allegations include directing beneficiaries to plans that compensated SelectQuote rather than providing unbiased comparisons, receiving illegal kickbacks, and non-compliance with laws and regulations [2]. Impact on Investors - Following the revelation of these allegations, SelectQuote's stock experienced a significant decline, resulting in financial losses for investors [3]. - Investors who suffered losses exceeding $50,000 are encouraged to participate in the lawsuit, with a deadline for Lead Plaintiff applications set for October 10, 2025 [3]. Law Firm Background - Lowey Dannenberg P.C. is a law firm specializing in representing investors who have suffered losses due to corporate fraud and violations of securities laws, with a history of recovering billions for clients [4].