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MEDIAALPHA REMINDER: Bragar Eagel & Squire, P.C. Reminds MediaAlpha Investors to Contact the Firm Regarding Ongoing Investigation
Globenewswire· 2025-10-15 21:23
Core Viewpoint - Bragar Eagel & Squire, P.C. is investigating potential claims against MediaAlpha, Inc. for possible violations of federal securities laws and unlawful business practices [1][2]. Investigation Details - The investigation is prompted by allegations that MediaAlpha engaged in consumer fraud, particularly in its health insurance segment, as reported by Wolfpack Research [5]. - Wolfpack Research claims that MediaAlpha utilized deceptive advertising and fraudulent practices, leading to significant stock price declines following the revelations [5]. - The Federal Trade Commission (FTC) has indicated intentions to file a complaint against MediaAlpha for misleading representations and deceptive advertising practices [5]. Financial Impact - Following the Wolfpack Research report, MediaAlpha's stock price dropped by $1.92 (11.84%) to close at $14.29 on June 25, 2024 [5]. - After the FTC's letter was disclosed, the stock price fell by $4.46 (27.7%) to close at $11.62 on November 5, 2024 [5]. - MediaAlpha announced a settlement with the FTC for $45 million related to the claims of deceptive practices, with the FTC alleging that MediaAlpha sold approximately 119 million consumer leads in 2024 [5].
INVESTOR ALERT: Pomerantz Law Firm Investigates Claims On Behalf of Investors of MediaAlpha, Inc. - MAX
Globenewswire· 2025-09-24 18:08
Core Viewpoint - MediaAlpha, Inc. is under investigation for potential securities fraud and unlawful business practices, following allegations of deceptive advertising and misleading claims regarding health insurance products [1][4]. Group 1: Allegations and Investigations - Wolfpack Research published a report claiming MediaAlpha engaged in consumer fraud, stating that up to 78% of its health insurance lead-buying partners were involved in scams or legal violations [3]. - The Federal Trade Commission (FTC) indicated it was prepared to file a complaint against MediaAlpha for false representations and misleading claims related to health insurance [4]. - MediaAlpha is settling claims with the FTC for $45 million, with allegations that it misled consumers while collecting personal information for telemarketers [5]. Group 2: Stock Price Impact - Following the Wolfpack Research report, MediaAlpha's stock price dropped by $1.92, or 11.84%, closing at $14.29 per share [3]. - After the FTC's announcement, the stock price fell by $4.46, or 27.7%, closing at $11.62 per share [4].
MediaAlpha, Inc. INVESTIGATION: Kirby McInerney LLP Announces Investigation Into Potential Securities Fraud on behalf of Investors (MAX)
Globenewswire· 2025-09-19 22:08
Core Viewpoint - Kirby McInerney LLP is investigating potential claims against MediaAlpha, Inc. for possible violations of federal securities laws and unlawful business practices [1] Group 1: Allegations and Investigations - On June 24, 2024, Wolfpack Research published a report alleging that MediaAlpha was involved in consumer fraud, claiming that up to 78% of its health insurance lead-buying partners were engaged in scams or violating telemarketing laws [3] - Following the report, MediaAlpha's share price fell by approximately 6.85%, from $15.34 to $14.29 per share [3] - On November 4, 2024, the Federal Trade Commission (FTC) indicated it was prepared to file a complaint against MediaAlpha for misleading advertising and false affiliations with government entities, leading to a share price drop of about 27.73%, from $16.08 to $11.62 [4] Group 2: Settlement and Financial Impact - On August 6, 2025, MediaAlpha announced a settlement with the FTC for $45 million, related to claims that it misled consumers while collecting personal information for health insurance quotes [5] - The FTC's complaint highlighted that MediaAlpha sold approximately 119 million leads about consumers in 2024, indicating a significant volume of consumer data transactions [5]