SELECTQUOTE SHAREHOLDER ALERT: CLAIMSFILER REMINDS INVESTORS WITH LOSSES IN EXCESS OF $100,000 Of Lead Plaintiff Deadline In Class Action Lawsuits Against Selectquote, Inc. - SLQT
Get Help
SelectQuote investors should visit us at or call toll-free (844) 367-9658. Lawyers at Kahn Swick & Foti, LLC are available to discuss your legal options.
About the Lawsuit
SelectQuote and certain of its executives are charged with failing to disclose material information during the Class Period, violating federal securities laws.
On May 1, 2025, the U.S. Department of Justice (“DOJ”) filed a False Claims Act complaint against the Company, alleging that,“[f]rom 2016 through at least 2021” it had received“tens of millions of dollars” in“illegal kickbacks” from health insurance companies in exchange for steering Medicare beneficiaries to enroll in the insurers' plans, and that, in exchange for kickbacks, the Company engaged in a conspiracy with major insurers to illegally discriminate against beneficiaries deemed to be less profitable, including those with disabilities. The DOJ further alleged that the Company made materially false claims by stating it offers“unbiased coverage comparisons” when in fact it“repeatedly directed Medicare beneficiaries to the plans offered by insurers that paid them the most money, regardless of the quality or suitability of the insurers' plans.”
On this news, the price of SelectQuote's shares fell $0.61, or 19.2%, to close at $2.56 per share on May 1, 2025, on unusually heavy trading volume.
The case is Pahlkotter v. SelectQuote, Inc., et al., No. 25-cv-06620.
About ClaimsFiler
ClaimsFiler has a single mission: to serve as the information source to help retail investors recover their share of billions of dollars from securities class action settlements. At ClaimsFiler.com, investors can: (1) register for free to gain access to information and settlement websites for various securities class action cases so they can timely submit their own claims; (2) upload their portfolio transactional data to be notified about relevant securities cases in which they may have a financial interest; and (3) submit inquiries to the Kahn Swick & Foti, LLC law firm for free case evaluations.
To learn more about ClaimsFiler, visit .


Legal Disclaimer:
MENAFN provides the
information “as is” without warranty of any kind. We do not accept
any responsibility or liability for the accuracy, content, images,
videos, licenses, completeness, legality, or reliability of the information
contained in this article. If you have any complaints or copyright
issues related to this article, kindly contact the provider above.
Most popular stories
Market Research

- Japan Well Intervention Market Size To Reach USD 776.0 Million By 2033 CAGR Of 4.50%
- Vietnam Artificial Intelligence Market Size, Share, Growth, Demand And Report 2025-2033
- Industrial Hose Market Size, Trends, Growth Factors, Latest Insights And Forecast 2025-2033
- Nutritional Bar Market Size To Expand At A CAGR Of 3.5% During 2025-2033
- What Does The Europe Cryptocurrency Market Report Reveal For 2025?
- North America Perms And Relaxants Market Size, Share And Growth Report 2025-2033
Comments
No comment