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The filed complaint alleges that HealthEquity, Inc. made materially false and/or misleading statements and/or failed to disclose that: HealthEquity issued a press release on March 18, 2025, announcing its financial results for its fourth quarter and fiscal year ended January 31, 2025. Among other items, HealthEquity reported fourth-quarter earnings per share that missed analyst expectations, while providing weak guidance for its fiscal year ending January 31, 2025. On a related earnings call, HealthEquity's officers said that the Company had incurred "excess service expense" as a result of "increased cyber threats and fraud attacks from bad actors using sophisticated technology, techniques and methods." Following this news, HealthEquity's stock price fell over 17% on March 19, 2025.
In order to be eligible to join the HQY class action lawsuit, you must have incurred a loss on shares of HealthEquity purchased during the class period listed above.
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