#United States #New Orleans #ClaimsFiler #SelectQuote #SLQT

SelectQuote Shareholder Alert

In an important announcement for investors regarding SelectQuote, Inc. (NYSE: SLQT), ClaimsFiler has issued a prompt for those affected by recent developments. Shareholders who have incurred losses exceeding $100,000 during the period from September 9, 2020, to May 1, 2025, may have until the deadline of October 10, 2025, to file lead plaintiff applications in a class action lawsuit against the company.

Background of the Lawsuit

The United States District Court for the Southern District of New York is currently handling this case, which raises serious allegations against SelectQuote and certain executives within the company. The key issue pertains to the alleged failure to disclose critical information, thereby breaching federal securities laws. This legal action was triggered by a complaint filed by the U.S. Department of Justice (DOJ) on May 1, 2025.

The DOJ accused SelectQuote of engaging in misleading practices between 2016 and 2021. Specifically, they are charged with accepting illegal kickbacks from health insurance providers in exchange for steering Medicare beneficiaries towards particular insurance plans. Moreover, the complaint suggests that SelectQuote participated in a conspiracy with major insurers, allegedly discriminating against less profitable beneficiaries, including those with disabilities.

Response to Allegations

Following the release of this information, SelectQuote's stock price experienced a substantial decline. On May 1, 2025, the shares dropped by 19.2%, amounting to a loss of $0.61, bringing the closing price down to $2.56. This significant decrease reflects the concerns raised by investors regarding the integrity of the company's operations and dealings.

Call to Action for Investors

ClaimsFiler encourages all affected shareholders to take immediate action. By visiting the website at ClaimsFiler.com or calling the toll-free number (844) 367-9658, investors can explore their legal options. Legal advisors from Kahn Swick & Foti, LLC are available to assist those interested in filing claims or seeking more information about the lawsuit.

As a dedicated resource for retail investors seeking recovery from securities class action settlements, ClaimsFiler serves an essential role. Their platform allows users to:

1. Register for Free: Gain access to related securities cases to facilitate timely claim submissions.
2. Track Transactions: Upload portfolio transactional data to get notified about pertinent cases.
3. Consult Legal Experts: Submit inquiries for a free case evaluation from experienced legal professionals.

Conclusion

In summary, if you are a SelectQuote investor impacted by the recent downturn and suspect you might be eligible for recovery, action is encouraged before the impending deadline. Proper steps can lead to the possibility of financial restitution against potential misconduct by the company. For more information, visit ClaimsFiler.com or contact their support team.

Just as the legal landscape evolves, so too must investors remain alert and proactive to safeguard their interests.