Important Update for SelectQuote Investors Regarding Class Action Lawsuit Deadline
On September 18, 2025, Faruqi & Faruqi, LLP, a prominent national law firm specializing in securities litigation, issued a crucial reminder for investors of SelectQuote, Inc. regarding an impending class action lawsuit. The firm invited patients who have experienced losses exceeding $75,000 due to the company's practices to consider their legal options before the effective lead plaintiff deadline of October 10, 2025.
Faruqi & Faruqi has a long standing reputation for advocating for investors, having recovered hundreds of millions of dollars since its inception in 1995. The current investigation arises from severe allegations against SelectQuote, which reportedly misled stakeholders by making false and/or misleading statements regarding their services and adherence to legal and ethical standards. Essentially, the complaint alleges that SelectQuote prioritized directing Medicare beneficiaries to specific insurance plans that provided higher compensation to the company, irrespective of the quality or suitability of those plans.
This situation escalated on May 1, 2025, when the U.S. Department of Justice (DOJ) filed a complaint against SelectQuote, indicating that the company had received illegal kickbacks from health insurers to selectively favor certain plans over others. The DOJ's claims propose that over several years, SelectQuote engaged in deceptive practices that violate the False Claims Act, essentially concealing the nature of client plans while depicting itself as a source of unbiased insurance comparisons.
selectQuote's responses to these allegations have reportedly been inadequate, leading to a plummet in stock value, dropping 19.2% to $2.56 per share on the day of the DOJ's announcement. These developments have influenced investor confidence drastically, outlining the necessity for class members to determine their rights and the possibility for recourse through litigation.
Potential claimants have the option to seek the role of lead plaintiff, a position that requires a fiduciary stance toward the class to represent the collective interests efficiently. Those who feel they qualified are urged to contact Faruqi & Faruqi directly for guidance on taking action. The firm is also welcoming information from whistleblowers and individuals with inside knowledge of SelectQuote’s operations, asserting that any details may aid in strengthening the claims against the company.
As the deadline approaches, inquiries for individuals affected can be directed to Faruqi; partner Josh Wilson is readily available to discuss potential claims and next steps by calling either 877-247-4292 or 212-983-9330 (Ext. 1310). Investors are encouraged to stay informed by visiting the firm’s website, where additional resources and updates about the class action lawsuit will be made available. In the midst of this turmoil, it is imperative for affected investors to comprehend their rights to partake in any future recovery, regardless of whether they choose to act as lead plaintiffs or remain as class members.
The laws surrounding federal securities reflect the high standards of disclosure and fair practices intended to secure investor interests and maintain a reputable market environment. Hence, Faruqi & Faruqi remains committed to exposing any wrongdoing while seeking justice for those harmed by the alleged misconduct of SelectQuote, ensuring that the victims receive the best possible support and representation during this challenging time.
Faruqi & Faruqi has a long standing reputation for advocating for investors, having recovered hundreds of millions of dollars since its inception in 1995. The current investigation arises from severe allegations against SelectQuote, which reportedly misled stakeholders by making false and/or misleading statements regarding their services and adherence to legal and ethical standards. Essentially, the complaint alleges that SelectQuote prioritized directing Medicare beneficiaries to specific insurance plans that provided higher compensation to the company, irrespective of the quality or suitability of those plans.
This situation escalated on May 1, 2025, when the U.S. Department of Justice (DOJ) filed a complaint against SelectQuote, indicating that the company had received illegal kickbacks from health insurers to selectively favor certain plans over others. The DOJ's claims propose that over several years, SelectQuote engaged in deceptive practices that violate the False Claims Act, essentially concealing the nature of client plans while depicting itself as a source of unbiased insurance comparisons.
selectQuote's responses to these allegations have reportedly been inadequate, leading to a plummet in stock value, dropping 19.2% to $2.56 per share on the day of the DOJ's announcement. These developments have influenced investor confidence drastically, outlining the necessity for class members to determine their rights and the possibility for recourse through litigation.
Potential claimants have the option to seek the role of lead plaintiff, a position that requires a fiduciary stance toward the class to represent the collective interests efficiently. Those who feel they qualified are urged to contact Faruqi & Faruqi directly for guidance on taking action. The firm is also welcoming information from whistleblowers and individuals with inside knowledge of SelectQuote’s operations, asserting that any details may aid in strengthening the claims against the company.
As the deadline approaches, inquiries for individuals affected can be directed to Faruqi; partner Josh Wilson is readily available to discuss potential claims and next steps by calling either 877-247-4292 or 212-983-9330 (Ext. 1310). Investors are encouraged to stay informed by visiting the firm’s website, where additional resources and updates about the class action lawsuit will be made available. In the midst of this turmoil, it is imperative for affected investors to comprehend their rights to partake in any future recovery, regardless of whether they choose to act as lead plaintiffs or remain as class members.
The laws surrounding federal securities reflect the high standards of disclosure and fair practices intended to secure investor interests and maintain a reputable market environment. Hence, Faruqi & Faruqi remains committed to exposing any wrongdoing while seeking justice for those harmed by the alleged misconduct of SelectQuote, ensuring that the victims receive the best possible support and representation during this challenging time.
Topics Financial Services & Investing）
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