New Opportunity for SelectQuote Investors to Lead a Securities Fraud Lawsuit

Investors Encouraged to Join SelectQuote, Inc. Class Action

The Rosen Law Firm, recognized for its advocacy on behalf of investors, has issued a significant reminder to individuals who purchased securities from SelectQuote, Inc. (NYSE: SLQT) between September 9, 2020, and May 1, 2025. A crucial deadline for potential lead plaintiffs is approaching on October 10, 2025. If you purchased SelectQuote securities during this period, you may qualify for compensation without any upfront costs, thanks to a contingency fee structure.

The Importance of Your Participation

Why should investors consider joining this class action? Participation grants individuals an opportunity to potentially recover losses suffered due to alleged fraudulent activities by the company. Investors are reminded that acting as a lead plaintiff holds significant responsibilities, involved in directing the course of the litigation. The Rosen Law Firm encourages prospective plaintiffs to take this step seriously, underscoring the importance of selecting experienced counsel for representation.

How to Get Involved

To join the class action lawsuit against SelectQuote, you can visit Rosen Law Firm's website for additional information and to submit necessary forms. Alternatively, you can reach out directly to Phillip Kim, Esq., toll-free at 866-767-3653 or via email at [email protected] It is essential to note that a class action lawsuit has already been initiated, and any interested party wishing to assume lead plaintiff status needs to submit their motion by the aforementioned deadline.

Why Rosen Law Firm?

Rosen Law Firm is celebrated for its expertise and success in securities class actions. The firm has consistently ranked highly in securing settlements for investors, most notably achieving one of the largest securities class action settlements against a Chinese company. Since 2013, the firm has maintained a prominent position in the industry, demonstrating a strong record of recovering vast sums for harmed investors.

Details of the Allegations

The core of this lawsuit stems from allegations that SelectQuote failed to disclose critical information that deceived investors. During the class period, it is claimed that SelectQuote misled its clients by directing Medicare beneficiaries to insurance plans that were more beneficial to the company's profit margins, rather than those best suited to the beneficiaries’ needs.

Key points of the lawsuit include:
1. Conflicts of Interest: Evidence suggests that SelectQuote prioritized plans that provided the highest compensation to the company, thereby compromising the quality of service rendered to clients.
2. Misleading Information: The firm allegedly marketed its services as unbiased and thorough when, in fact, it didn't offer true comparison shopping for Medicare Advantage plans.
3. Legal Vulnerability: The company reportedly received unlawful kickbacks to pursue specific insurance plans while simultaneously limiting choices available to beneficiaries, placing it at risk of regulatory and legal repercussions.
4. Material Misrepresentation: Prior to the revealing of these details, SelectQuote maintained positive public assertions that were fundamentally unsupported and misleading regarding its operations and benefits.

This information is critical as it outlines the basis of investor dissatisfaction and highlights the potential for damages incurred as a result of SelectQuote’s actions. When the truth came to light, many investors reported significant losses, affirming the need for this class action.

Next Steps for Investors

Interested parties should carefully consider their options. Joining a class action presents an avenue for recovery, and prospective members are informed that the certification of the class has not yet occurred. Therefore, until a class is completed, individuals can select their own legal representation or choose to remain uninvolved as an absent member.

Remember, your participation can significantly impact the direction of the litigation and serves to hold companies accountable for their practices. For updates and further information, consider following the Rosen Law Firm on various social media platforms, including LinkedIn and Twitter.

This situation serves as a reminder to remain vigilant in safeguarding against corporate misconduct and ensuring accountability in investment decisions.