Class Action Lawsuit Filed Against SelectQuote, Inc. for Alleged Securities Violations

Investor Alert: Class Action Lawsuit Against SelectQuote, Inc.

In a significant development in the realm of investor rights, Bronstein, Gewirtz & Grossman, LLC, a prominent law firm known for its advocacy on behalf of investors, has announced the filing of a class action lawsuit against SelectQuote, Inc. (NYSE: SLQT) and certain of its executives. This lawsuit emerges as a response to alleged violations of federal securities laws impacting shareholders who acquired SelectQuote stocks during a specific period.

Class Definition and Case Background

The class action lawsuit encompasses all individuals and entities that purchased SelectQuote securities from September 9, 2020, through May 1, 2025. The lawsuit aims to seek restitution for the damages sustained by these investors due to misleading statements and omissions made by the company throughout this timeframe.

The crux of the complaint outlines that the leading executives of SelectQuote made materially false and/or misleading statements, while also failing to disclose critical negative facts regarding the company's operations and prospects. Specifically, it’s alleged that:
1. SelectQuote was directing Medicare beneficiaries toward plans offered by certain insurers, prioritizing compensation over quality.
2. The company failed to provide unbiased comparisons of Medicare Advantage insurance plans.
3. SelectQuote received unauthorized kickbacks for steering clients to specific insurers, marginalizing competitors.
4. Regulatory and legal repercussions were a consequence of these actions, raising the question of compliance with laws, regulations, and contractual obligations.

During this period, SelectQuote’s management issued optimistic statements regarding the company’s performance and future outlook. However, as the truth unraveled, investors witnessed a drastic decline in stock value; following the news release regarding the lawsuit, SelectQuote’s stock plummeted by 19.2%—closing at a mere $2.56 per share. This steep drop has left many stakeholders stunned and searching for justice.

The Path Ahead for Investors

For those who believe they are affected by these events, Bronstein, Gewirtz & Grossman encourages participation in the class action by visiting their dedicated webpage at bgandg.com/SLQT. Additionally, investors who experienced losses in SelectQuote are urged to act quickly, as they have until October 10, 2025, to request appointment as lead plaintiff in this case.

The law firm emphasizes that potential claimants can join the class action with no upfront costs. Legal representation operates on a contingency basis, meaning attorneys will only recoup expenses and fees from any recovered amounts if the class action is successful.

Why Choose Bronstein, Gewirtz & Grossman?

With a rich history of representing investors in securities fraud cases, Bronstein, Gewirtz & Grossman have successfully recovered hundreds of millions of dollars for their clients. Their proven track record and commitment underline their role as capable advocates in navigating the complexities of class action suits.

Investors are encouraged to stay informed by following Bronstein, Gewirtz & Grossman’s updates across social media platforms, including LinkedIn and Facebook. As the lawsuit unfolds, supporters can expect continued insights into the process and related developments.

For more information or to discuss your legal options, interested parties can contact Peretz Bronstein or Nathan Miller from Bronstein, Gewirtz & Grossman at 332-239-2660. Proper action might lead to restitution for those who have suffered financial losses during this tumultuous period of investment in SelectQuote, Inc.