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Kahn Swick & Foti Alert: Class Action Against SelectQuote, Inc.

In a recent announcement, Kahn Swick & Foti, LLC (KSF), led by former Louisiana Attorney General Charles C. Foti, Jr., has urged investors affected by SelectQuote, Inc. (NYSE: SLQT) to take notice of an impending deadline related to a class action lawsuit. If you have incurred losses exceeding $100,000 after purchasing SelectQuote's securities between September 9, 2020, and May 1, 2025, it’s crucial to act quickly. The deadline to apply as a lead plaintiff in this case is set for October 10, 2025.

Background of the Case

The Securities and Exchange Commission (SEC) filings indicate that SelectQuote and its executives are currently facing serious allegations involving failure to disclose material information during the class period, which could be viewed as a violation of federal securities laws. These allegations were highlighted following a complaint filed by the U.S. Department of Justice on May 1, 2025. According to the subpoena, the company purportedly received illegal kickbacks from health insurance entities, particularly between 2016 and 2021, for directing Medicare beneficiaries towards their programs.

The DOJ's allegations suggest that SelectQuote engaged in unethical practices by steering beneficiaries towards plans that paid them the highest commissions, disregarding the quality or suitability of those options. This misrepresentation of their services has raised eyebrows and led to significant scrutiny of the company.

On the same day the DOJ complaint was released, SelectQuote's stock took a noticeable hit, plummeting 19.2%, which corresponds to a drop of $0.61 to $2.56 per share. This fall occurred on unusually high trading volume, indicating heightened investor concern and reaction to the news.

The Role of Kahn Swick & Foti

As a premier boutique securities litigation law firm, KSF specializes in representation for both institutional and individual investors seeking recoveries from corporate malfeasance. The firm has a track record of successfully securing settlements on behalf of clients impacted by fraudulent activities of publicly traded companies. KSF’s commitment is evident in their extensive involvement in class actions, and they emphasize the importance of timely action when it comes to your legal rights.

If you believe you may be eligible to participate in this lawsuit, KSF encourages potential claimants to contact them for a consultation. There is no charge for this initial evaluation. Interested investors may reach the firm toll-free at 1-877-515-1850 or via email at email protected]. Additional information can also be found on their website at [www.ksfcounsel.com.

Next Steps

For investors considering their options, it is vital to act before the October 10 deadline to ensure the possibility of participating in any potential recovery associated with the SelectQuote class action. The case, officially titled Pahlkotter v. SelectQuote, Inc., et al., is currently active in the United States District Court for the Southern District of New York.

In summary, investors with significant losses in SelectQuote should be aware of their rights and possible actions they can take. It’s essential to remain informed and act swiftly to avoid missing the opportunity to recover losses as part of this growing legal situation.