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Investors Have Opportunity to Lead SelectQuote, Inc. Securities Fraud Lawsuit with the Schall Law Firm
ByAinvest
Tuesday, Aug 12, 2025 2:18 pm ET1min read
The Schall Law Firm is leading a class action lawsuit against SelectQuote, Inc. for violating securities laws. Investors who purchased the company's securities between September 2020 and May 2025 may be eligible to participate in the lawsuit, which alleges that the company made false and misleading statements about its Medicare Advantage plan enrollment and kickback practices. Investors are encouraged to contact the firm before October 10, 2025.
The Schall Law Firm has initiated a class action lawsuit against SelectQuote, Inc. (NYSE: SLQT), alleging violations of securities laws. Investors who purchased SelectQuote securities between September 9, 2020, and May 1, 2025, may be eligible to participate. The lawsuit claims that the company made false and misleading statements about its Medicare Advantage plan enrollment and kickback practices.SelectQuote has been accused of directing Medicare beneficiaries to plans offered by insurers that best compensated the company, regardless of the quality or suitability of the plans. The firm also alleged that SelectQuote did not provide unbiased comparison shopping for Medicare Advantage insurance plans and received illegal kickbacks to steer beneficiaries to certain insurers. These practices allegedly violated applicable laws and regulations, making the company vulnerable to regulatory and legal sanctions.
The lawsuit further claims that SelectQuote made materially false and misleading statements about its business operations and prospects, which were not disclosed to investors. As a result, investors suffered damages. The Schall Law Firm encourages investors to contact the firm before October 10, 2025, to discuss their legal rights and potential participation in the class action.
SelectQuote's stock price fell $0.61, or 19.2%, to close at $2.56 per share on May 1, 2025, following the U.S. Department of Justice's filing of a False Claims Act complaint against the company [1].
References:
[1] https://www.morningstar.com/news/business-wire/20250811153040/slqt-class-action-notice-the-law-offices-of-frank-r-cruz-files-securities-fraud-lawsuit-against-selectquote-inc
[2] https://www.morningstar.com/news/globe-newswire/9510973/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
[3] https://www.morningstar.com/news/business-wire/20250812239032/rosen-law-firm-urges-selectquote-inc-nyse-slqt-stockholders-with-losses-in-excess-of-100k-to-contact-the-firm-for-information-about-their-rights
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