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Deadline Approaching: SelectQuote Investors Who Lost Money Urged To Contact Law Offices of Howard G. Smith
ByAinvest
Friday, Aug 15, 2025 1:11 pm ET1min read
A class-action lawsuit has been filed against SelectQuote, Inc. (SLQT) over alleged False Claims Act violations, including receiving illegal kickbacks and discriminating against certain Medicare beneficiaries. The lawsuit claims the company made false statements about its business and operations. Investors who lost money are urged to contact the Law Offices of Howard G. Smith to discuss their legal rights by October 10, 2025.
A class-action lawsuit has been filed against SelectQuote, Inc. (SLQT) following allegations of False Claims Act violations, including receiving illegal kickbacks and discriminating against certain Medicare beneficiaries. The lawsuit, styled Pahlkotter v. SelectQuote, Inc. et al., No. 1:25-cv-06620 (S.D.N.Y.), was filed on August 15, 2025, and seeks to represent investors who purchased or otherwise acquired SelectQuote securities between September 9, 2020 and May 1, 2025 [1].The complaint, filed by Hagens Berman, alleges that SelectQuote made false and misleading statements about its business and operations. Specifically, it is alleged that the company directed Medicare beneficiaries to plans offered by insurers that best compensated it, regardless of the quality or suitability of the plans. Additionally, SelectQuote is accused of receiving illegal kickbacks and failing to provide unbiased comparison shopping for Medicare Advantage insurance plans [1].
The lawsuit also alleges that SelectQuote discriminated against beneficiaries deemed to be less profitable, including those with disabilities, in exchange for kickbacks. The U.S. Department of Justice (DOJ) filed a complaint on May 1, 2025, alleging that SelectQuote received tens of millions of dollars in illegal kickbacks from 2016 through at least 2021 [1].
SelectQuote's stock price fell 19% on May 1, 2025, following the DOJ's allegations. Since then, the price of SelectQuote shares has continued to decline amid the DOJ and class action lawsuits [1].
Investors who experienced significant losses are urged to contact the Law Offices of Howard G. Smith to discuss their legal rights by October 10, 2025, the deadline to file a lead plaintiff motion in the case [2, 3].
References:
[1] https://www.morningstar.com/news/globe-newswire/9513349/selectquote-slqt-faces-investor-securities-class-action-after-stock-dropped-19-amid-department-of-justice-alleges-false-claims-act-violations-hagens-berman
[2] https://www.globenewswire.com/news-release/2025/08/12/3131901/0/en/INVESTOR-ALERT-Class-Action-Lawsuit-Filed-on-Behalf-of-SelectQuote-Inc-SLQT-Investors-Holzer-Holzer-LLC-Encourages-Investors-With-Significant-Losses-to-Contact-the-Firm.html
[3] https://www.businesswire.com/news/home/20250814957246/en/Deadline-Alert-SelectQuote-Inc.-SLQT-Investors-Who-Lost-Money-Urged-To-Contact-Glancy-Prongay-Murray-LLP-About-Securities-Fraud-Lawsuit
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