SelectQuote(US:SLQT) Prnewswireยท2025-09-06 12:59Core Viewpoint - Faruqi & Faruqi, LLP is investigating potential claims against SelectQuote, Inc. due to allegations of violations of federal securities laws, with a deadline for investors to seek lead plaintiff status in a class action by October 10, 2025 [1][3][4]. Group 1: Allegations Against SelectQuote - The complaint alleges that SelectQuote directed Medicare beneficiaries to plans that compensated the company best, regardless of the quality of the plans [3]. - It is claimed that SelectQuote did not provide unbiased comparisons for Medicare Advantage insurance plans and received illegal kickbacks from insurers [3][4]. - The U.S. Department of Justice filed a complaint stating that SelectQuote received "tens of millions of dollars" in illegal kickbacks from 2016 to 2021, leading to a significant drop in stock price by 19.2% to $2.56 per share on May 1, 2025 [4]. Group 2: Legal Proceedings and Investor Actions - Investors who suffered losses in SelectQuote are encouraged to contact Faruqi & Faruqi to discuss their legal rights and options [1][6]. - The role of lead plaintiff in the class action is open to any member of the putative class, with the ability to share in any recovery not affected by the decision to serve as lead plaintiff [5].