#United States #Los Angeles #Securities Fraud #MediaAlpha #FTC Complaint

Investigation Launched into MediaAlpha, Inc.

Recent revelations have stirred concern among investors regarding MediaAlpha, Inc. (NYSE: MAX). On February 26, 2025, Glancy Prongay & Murray LLP, a prominent national law firm specializing in shareholder rights, formally announced its investigation into the company. The scrutiny arises from allegations that MediaAlpha may have violated federal securities laws, placing investors at risk of financial loss.

Background Information

On November 4, 2024, the situation escalated when MediaAlpha disclosed receiving a letter from the Federal Trade Commission (FTC). This correspondence indicated that the FTC staff was prepared to recommend filing a complaint against the company. The FTC alleged that MediaAlpha had falsely presented itself as affiliated with governmental organizations while making misleading assertions related to health insurance products and inadequate practices involving consumer data.

Following this news, there was a noticeable impact on MediaAlpha’s stock valuation, which plummeted by $4.46—a staggering 27.7% drop—closing at $11.62 per share the following day, November 5, 2024. This dramatic shift not only represents a significant financial loss for investors but raises serious questions about the corporate ethics and compliance protocols adhered to by MediaAlpha.

Investor Response and Legal Action

The onset of this investigation has prompted Glancy Prongay & Murray LLP to reach out to other investors who may have suffered losses due to MediaAlpha’s alleged misconduct. Investors are encouraged to contact the firm to explore their legal options for potentially recovering their losses. Investors who feel they might have been misled are strongly advised to take action, as the implications for corporate accountability are significant.

Legal professionals are keen to gather as much information as possible from individuals who have non-public knowledge concerning the operations within MediaAlpha. Whistleblowers may consider reporting their insights through the SEC Whistleblower Program, which can reward individuals who provide original information with a percentage of any successful financial recovery.

About Glancy Prongay & Murray LLP

Glancy Prongay & Murray LLP, commonly referred to as GPM, is recognized for its advocacy on behalf of investors facing securities litigation. The firm has a proven track record in representing clients in various complex class action lawsuits and securities fraud issues. With its main office in Los Angeles, GPM is strategically positioned with several other offices across the country, comprising nearly 40 skilled attorneys.
GPM’s reputation is underscored by an impressive history of securing ground-breaking rulings and recovering billions in successful settlements for its clients. The firm has consistently ranked as one of the top law firms in the sector, securing a notable position in the array of securities class action settlements tracked by leading industry services.

For investors and others impacted by MediaAlpha’s situation, this emerging legal battle represents a crucial moment to advocate for accountability and transparency within the corporate environment. With legal pathways opening for potential claims, it is an important time for investors to be proactive in seeking redress and ensuring their rights are upheld.

Legal Contact Information

If you are an investor who has experienced losses connected to MediaAlpha, you are urged to reach out to Glancy Prongay & Murray LLP for further assistance on how to proceed.

Contact Details

• - Charles Linehan, Esq.
• - Email: email protected]
• - Phone: 310-201-9150 | Toll-Free: 888-773-9224
• - Office Location: 1925 Century Park East, Suite 2100, Los Angeles, California 90067

For more information about the ongoing investigation and potential claims, visit their website at [www.glancylaw.com.

The unfolding narrative surrounding MediaAlpha reminds us of the vital need for rigorous ethical standards and transparency within financial markets. Investors are encouraged to stay informed and engaged as the investigation progresses.