#USA #New York #Pomerantz LLP #SelectQuote #SLQT

Class Action Lawsuit Against SelectQuote, Inc.

Pomerantz LLP has recently announced the initiation of a class action lawsuit against SelectQuote, Inc. (NYSE: SLQT), alarming many investors who have suffered financial losses. This legal action comes in the context of serious allegations against the company and its executives regarding potential securities fraud and other unlawful business practices.

The background of the lawsuit reveals that the U.S. Department of Justice (DOJ) had previously filed a complaint under the False Claims Act on May 1, 2025, suggesting that SelectQuote engaged in deceptive practices from 2016 to 2021. According to the DOJ's findings, SelectQuote received substantial illegal kickbacks from health insurance companies. In exchange for these payments, SelectQuote is accused of directing Medicare beneficiaries toward plans that were less favorable, at the expense of transparency and fairness. The DOJ reports that SelectQuote made materially false claims concerning the objectivity of its coverage comparisons.

On the day the DOJ report was made public, SelectQuote's share price dropped dramatically by 19.24%, a decline of $0.61 per share, to close at $2.56. This incident highlights the significant impact that legal issues can have on stock performance, causing distress among shareholders.

The lawsuit serves as a reminder for those who have purchased SelectQuote securities during the class period, which is defined as extending up to October 10, 2025. Investors are encouraged to reach out to Pomerantz LLP if they wish to become involved in the case or seek further information. The firm emphasizes the importance of acting quickly, as those who wish to be appointed as Lead Plaintiff must meet the court's deadlines.

Pomerantz LLP, well-known for its work in corporate, securities, and antitrust class litigation, has gained a reputation over the past 85 years for representing victims of securities fraud. Founded by Abraham L. Pomerantz, who is often regarded as a pioneer in class action law, the firm remains committed to holding companies accountable for misconduct.

For investors looking for more information, copies of the Complaint can be obtained via Pomerantz's official website at www.pomerantzlaw.com. Additionally, any inquiries can also be directed to Danielle Peyton at the firm, who is available for consultation whether by phone or email.

This legal battle might be a pivotal moment for SelectQuote as it contends with allegations that could further damage its reputation and financial standing. The case not only serves as an alert for current shareholders but also presents a warning to prospective investors about the risks associated with investing in companies facing serious legal challenges. The outcome will be closely monitored by legal analysts and investors alike in the coming months as the court proceedings unfold.