Pomerantz Law Firm Issues Investor Alert for SelectQuote Class Action Lawsuit

Pomerantz Law Firm Issues Investor Alert: SelectQuote Class Action Lawsuit

The Pomerantz Law Firm has announced the initiation of a class action lawsuit against SelectQuote, Inc. (NYSE: SLQT), prompting investors who experienced losses to take action. The firm is encouraging investors to come forward to represent the class and is monitoring the developments closely.

Investors are urged to reach out to Pomerantz at their contact number or via email. Those looking to join the lawsuit should provide their contact information and details of the shares they purchased. The action arises from claims that SelectQuote and certain executives may have engaged in practices that amount to securities fraud. This lawsuit presents a crucial opportunity for affected investors to seek restitution for their financial losses.

Background on SelectQuote’s Allegations

On May 1, 2025, the U.S. Department of Justice filed a complaint under the False Claims Act against SelectQuote. This complaint alleges that from 2016 through at least 2021, SelectQuote received significant illegal kickbacks from health insurance companies in exchange for guiding Medicare beneficiaries toward specific insurance plans. Such actions allegedly allowed the company to misrepresent its services, claiming unbiased coverage comparisons while directing clients to plans compensated with the highest kickbacks. This resulted in the misleading handling of vulnerable beneficiaries, including those with disabilities, who were deprived of fair access to insurance options.

In light of this news, SelectQuote's stock fell drastically, closing at $2.56 per share, marking a 19.24% decrease in value, a significant loss for shareholders.

Joining the Class Action Lawsuit

Eligible shareholders have until October 10, 2025, to push for their appointment as Lead Plaintiff in this case. Those interested can obtain a copy of the lawsuit's complaint at the Pomerantz Law Firm's official website. It is crucial for investors to understand that timely action is essential in these kinds of legal proceedings, especially when concerning rampant corporate misconduct that can affect stock value so drastically.

Pomerantz LLP has long been recognized as one of the leading law firms specializing in corporate, securities, and antitrust litigation. Founded by Abraham L. Pomerantz, the firm established a pioneering reputation in handling class action lawsuits. With over 85 years of dedication towards protecting the rights of investors and holding entities accountable for securities fraud, Pomerantz continues to fight for justice.

In these trying times, it is vital for investors to be informed and connected, ensuring that they do not miss potentially critical developments regarding their investments. The ongoing lawsuit against SelectQuote serves as a reminder of the repercussions of corporate behavior, particularly in the financial sector.

For further details, investors can contact Danielle Peyton at the firm or visit the Pomerantz website to stay updated on the case. The firm's long-standing history of successful litigation places it in a position of credibility as it seeks to aid affected parties in navigating this challenging landscape.

For those following this case or considering becoming involved, keeping abreast of legal updates and maintaining communication with legal representatives will provide essential support as the lawsuit progresses.