Levi & Korsinsky notifies investors that it has commenced an investigation into MediaAlpha, Inc. (NYSE: MAX) concerning potential violations of the federal securities laws.
On November 4, 2024, MediaAlpha disclosed receipt of a letter from the FTC, which stated that the FTC was “prepared to recommend the filing of a complaint against the Company” claiming that MediaAlpha falsely “represented itself as affiliated with government entities, made misleading claims (in particular regarding health insurance products and use of consumers’ personal information) and utilized deceptive advertising.” MediaAlpha’s stock fell over 27% following this news. The investigation concerns whether MediaAlpha and certain of its officers and/or directors have engaged in securities fraud.
If you suffered a loss on your MediaAlpha securities and would like to explore a potential recovery under the federal securities laws, submit to us or contact Joseph E. Levi, Esq. via email at [email protected] or call 212-363-7500 to speak to our team of experienced shareholder advocates.
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