Investors Warned: Important Deadline for SelectQuote Securities Class Action Lawsuit Approaches

Investors Urged to Act: SelectQuote Securities Fraud Lawsuit

In an important reminder to investors, the Rosen Law Firm has issued a notice concerning SelectQuote, Inc. (NYSE: SLQT). Those who purchased SelectQuote securities between September 9, 2020, and May 1, 2025—referred to as the 'Class Period'—should be aware of an approaching deadline. The law firm is encouraging eligible investors to take action before October 10, 2025, if they want to lead the class action lawsuit against the company.

What is the Class Action About?

The lawsuit stems from SelectQuote's alleged fraudulent actions during the specified Class Period. The plaintiffs assert that SelectQuote made several misleading statements while failing to disclose critical information that impacted investors' decisions. Specifically, it is claimed that SelectQuote was steering Medicare beneficiaries towards insurance plans that maximized their profits at the expense of quality or suitability. Furthermore, these allegations include assertions that the company received illegal kickbacks, which compromised the integrity of its operations.

Key Allegations Against SelectQuote:

1. Misleading Advertisement of Services: The firm alleges that SelectQuote falsely advertised its services as unbiased and beneficial for Medicare beneficiaries. However, it favored certain insurers who compensated SelectQuote more favorably.
2. Kickbacks: SelectQuote is accused of receiving kickbacks from insurers for directing clients towards specific plans, thereby maximizing profits over patient care.
3. Regulatory Risks: The actions purportedly placed SelectQuote in violation of multiple legal frameworks, making the company susceptible to sanctions and lawsuits under the False Claims Act.
4. Misrepresentation of Business Health: As a result of the aforementioned concerns, the public statements made by the defendants regarding SelectQuote’s operational health were materially misleading.

Joining the Class Action

For investors willing to join this class action, registration is straightforward. Interested parties can complete a form online via the firm's dedicated website or reach out directly to Phillip Kim, Esq., by calling the toll-free number: 866-767-3653. Additionally, inquiries can be sent through email for more information. It is important to note that the class has not been certified yet, meaning that until such certification, individuals are not automatically represented by the firm unless they choose to retain counsel. Alternatively, they can opt to remain absent from the class at this time.

Why Choose Rosen Law Firm?

Rosen Law Firm has established itself as a reputable player in the field of securities law. Having represented investors worldwide, the firm's proficiency is highlighted by its significant track record, which includes achieving monumental securities class action settlements. Their experience positions them to effectively represent individuals who may have suffered losses due to alleged fraudulent behavior. Furthermore, the firm has garnered a top ranking for the number of securities class action settlements attained in recent years, solidifying its status in the legal community.

Investor Caution

Investors are cautioned to be discerning in their choice of legal counsel for this class action. Many firms that advertise these opportunities may lack the necessary experience or resources to effectively litigate securities class actions. Thus, partnering with a well-recognized firm such as Rosen Law Firm may provide a vital advantage in these complex legal proceedings.

With the deadline fast approaching, it is critical for eligible investors to act promptly if they wish to have a say in the class action process. Regular updates regarding the progress of the lawsuit will be available through the firm's various social media channels, ensuring transparency and ongoing communication with potential class members.

For further updates and information, follow the Rosen Law Firm on LinkedIn, Twitter, or Facebook. Don't let this chance slip by—if you are a SelectQuote investor, now is the time to secure your position in protecting your investment rights.