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SelectQuote, Inc. (SLQT) Shareholders Who Lost Money Have Opportunity to Lead Securities Fraud Lawsuit
SelectQuoteSelectQuote(US:SLQT) Prnewswireยท2025-10-01 16:00

Core Viewpoint - Investors in SelectQuote, Inc. have the opportunity to lead a securities fraud class action lawsuit due to alleged undisclosed practices that misled investors about the company's operations and compliance with regulations [1][2]. Summary by Relevant Sections Lawsuit Details - The lawsuit alleges that from September 9, 2020, to May 1, 2025, SelectQuote failed to disclose critical information, including directing Medicare beneficiaries to plans based on compensation rather than quality [2]. - It is claimed that SelectQuote did not provide unbiased comparisons for Medicare Advantage plans and received illegal kickbacks to steer beneficiaries towards certain insurers [2]. - The company is accused of not complying with applicable laws and regulations, making it vulnerable to legal sanctions, including violations of the False Claims Act [2]. - Positive statements made by the company regarding its business and prospects are alleged to be materially misleading [2]. Participation Information - Investors who suffered losses related to SelectQuote are encouraged to participate in the class action lawsuit before the lead plaintiff deadline of October 10, 2025 [2]. - Interested parties can contact The Law Offices of Frank R. Cruz for more information on participation [3][4].