#United States #New York #Class Action #Pomerantz LLP #SelectQuote

Investor Alert: Class Action Against SelectQuote

Pomerantz LLP has recently announced a class action lawsuit against SelectQuote, Inc., bringing attention to significant allegations of securities fraud and unethical business conduct that have incurred losses among investors. The lawsuit seeks to address the impact these practices have had on stakeholders and aims to hold the company accountable for its actions.

Background of the Case

The complaints stem from serious allegations made against SelectQuote, which is traded on the NYSE under the ticker symbol SLQT. The lawsuit claims that SelectQuote and several of its corporate officers engaged in fraudulent activities that misled investors and distorted the apparent financial health of the company. According to the information available, investors who purchased SelectQuote securities during a specified class period are encouraged to come forward, as they may be entitled to seek compensation for their losses.

The lawsuit has drawn particular attention due to indictments filed by the U.S. Department of Justice (DOJ) against SelectQuote, which accused the company of partaking in illegal business practices. Specifically, allegations indicate that from 2016 to at least 2021, SelectQuote received substantial illegal kickbacks from health insurance companies in exchange for steering Medicare beneficiaries toward particular plans. This corruption has raised significant ethical questions regarding the integrity of the company's business model and the trustworthiness of its advertised services.

This troubling development resulted in a considerable decline in SelectQuote’s stock price, which dropped 19.24%, translating to a decrease of $0.61 per share, following the DOJ's announcement. Investors are understandably anxious about the implications of these allegations and the financial repercussions that might follow.

Next Steps for Investors

Investors are reminded of the urgency regarding filing claims as the deadline to act is October 10, 2025. Those who believe they have a stake in this case—or feel that they suffered losses as a result of SelectQuote's practices—are advised to contact Pomerantz LLP for further guidance. The firm has offered potential class members the opportunity to engage with the legal process, and interested individuals are encouraged to gather relevant details such as their purchase history and any communications related to their investments in SelectQuote.

Contact Information:
Danielle Peyton from Pomerantz LLP can be reached at 646-581-9980 or via email at [email protected] It is suggested that inquiries include personal contact information for timely communication regarding the proceedings.

About Pomerantz LLP

With a legacy of over 85 years in the field of class action litigation, Pomerantz LLP has established itself as a prominent player in corporate, securities, and antitrust class action cases. The firm, founded by the late Abraham L. Pomerantz, has built a reputation for safeguarding the interests of investors and fighting for justice in cases of corporate misconduct. Their extensive experience includes recovering substantial settlements for aggrieved class members. As this lawsuit unfolds, there will be keen interest in how SelectQuote addresses these accusations and what the outcomes will mean for both the company and its stakeholders.

In conclusion, as the landscape of this case continues to change, it is essential for investors to stay informed and engaged. By doing so, they can better protect their rights and possibly recover losses suffered as a result of SelectQuote's alleged improper actions.