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Schall Law Firm Reminds Investors of SelectQuote Class Action Lawsuit
ByAinvest
Thursday, Aug 14, 2025 9:25 am ET1min read
The Schall Law Firm has filed a class action lawsuit against SelectQuote, Inc. (NYSE: SLQT) for alleged violations of securities laws. Investors who purchased the company's securities between September 9, 2020 and May 1, 2025 are encouraged to contact the firm before October 10, 2025 to discuss their rights. The lawsuit alleges that the company violated Sections 10(b) and 20(a) of the Securities Exchange Act of 1934 and Rule 10b-5 promulgated thereunder by the SEC.
The Schall Law Firm has recently filed a class action lawsuit against SelectQuote Inc. (NYSE: SLQT) for alleged violations of securities laws. The lawsuit, which seeks to represent investors who purchased the company's securities between September 9, 2020 and May 1, 2025, accuses SelectQuote of violating Sections 10(b) and 20(a) of the Securities Exchange Act of 1934 and Rule 10b-5 promulgated thereunder by the U.S. Securities and Exchange Commission (SEC).The complaint, filed on August 13, 2025, alleges that SelectQuote made materially false and misleading statements and failed to disclose crucial information about its business operations and prospects. Specifically, the complaint claims that SelectQuote directed Medicare beneficiaries to plans offered by insurers that best compensated the company, regardless of the quality or suitability of the plans. Additionally, it is alleged that SelectQuote did not provide unbiased comparison shopping for Medicare Advantage insurance plans and received illegal kickbacks to steer beneficiaries to certain insurers, potentially violating the False Claims Act.
The lawsuit further alleges that as a result of these practices, SelectQuote's financial results were inflated, and the company was vulnerable to regulatory and legal sanctions. Investors who purchased SelectQuote securities during the specified class period are encouraged to contact the Schall Law Firm before October 10, 2025, to discuss their rights and potential involvement in the lawsuit.
The class action lawsuit follows a series of legal actions against SelectQuote, including a securities class action lawsuit filed by Hagens Berman and another by Bronstein, Gewirtz & Grossman, LLC. These lawsuits allege similar violations and seek to recover damages on behalf of investors who suffered losses as a result of SelectQuote's alleged misconduct.
Investors who believe they have suffered losses due to SelectQuote's actions are urged to consult with legal counsel to understand their rights and options. The Schall Law Firm, a national shareholder rights litigation firm, has recovered hundreds of millions of dollars for investors nationwide and can be reached at 310-3335 or through their website at www.schallfirm.com.
References:
[1] https://www.morningstar.com/news/business-wire/20250812538902/slqt-investors-have-opportunity-to-lead-selectquote-inc-securities-fraud-lawsuit-with-the-schall-law-firm
[2] https://www.globenewswire.com/news-release/2025/08/13/3132936/9788/en/SLQT-INVESTOR-ALERT-Bronstein-Gewirtz-Grossman-LLC-Announces-that-SelectQuote-Inc-Investors-with-Substantial-Losses-Have-Opportunity-to-Lead-Class-Action-Lawsuit.html
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