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Investor Alert: Pomerantz Reminds Investors of Class Action Lawsuit Against SelectQuote
ByAinvest
Monday, Aug 25, 2025 10:02 pm ET1min read
Pomerantz Law Firm has filed a class action lawsuit against SelectQuote, Inc. (SLQT) alleging securities fraud and unlawful business practices. The lawsuit claims the company received illegal kickbacks from health insurers and discriminated against less profitable Medicare beneficiaries. SelectQuote's stock price fell 19.24% on the news. Investors who purchased SLQT securities during the Class Period have until October 10, 2025 to apply to be Lead Plaintiff.
Pomerantz Law Firm has recently filed a class action lawsuit against SelectQuote, Inc. (SLQT) alleging securities fraud and unlawful business practices. The lawsuit claims that the company received illegal kickbacks from health insurers and discriminated against less profitable Medicare beneficiaries. On the news, SelectQuote's stock price fell by 19.24% [2].The lawsuit, which is currently ongoing, alleges that between September 9, 2020, and May 1, 2025, SelectQuote and its executives failed to disclose critical information to investors. This period includes the company's dealings with Medicare beneficiaries and the kickbacks it received from insurers. The U.S. Department of Justice (DOJ) has made similar allegations, stating that SelectQuote engaged in a conspiracy to steer beneficiaries to less favorable plans for profit [1].
Investors who purchased SLQT securities during the Class Period have until October 10, 2025, to apply to be Lead Plaintiff in the lawsuit. The Law Offices of Howard G. Smith has announced that investors with substantial losses can contact them to discuss their legal rights [3].
For those considering participation, it is crucial to consult with legal professionals specializing in securities cases. Platforms like ClaimsFiler provide resources and updates on securities class actions, aiding investors in understanding their rights and potential claims [1].
References:
[1] https://investorshangout.com/selectquote-investors-alert-class-action-update-for-slqt-368445/
[2] https://www.marketscreener.com/news/pomerantz-law-firm-reminds-investors-with-losses-on-their-investment-in-selectquote-inc-of-class-a-ce7c50d8df8bf22c
[3] https://www.marketscreener.com/news/selectquote-inc-slqt-investors-who-lost-money-have-opportunity-to-lead-securities-fraud-lawsuit-ce7c50dbd98ff02c
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