Levi & Korsinsky notifies investors that it has commenced an investigation into SelectQuote, Inc. (NYSE: SLQT) concerning potential violations of the federal securities laws.
On May 1, 2025, the U.S. Department of Justice ("DOJ") announced the filing of a False Claims Act complaint against SelectQuote and several other health insurance companies and insurance broker organizations. The complaint alleged "that from 2016 through at least 2021, the defendant insurers paid hundreds of millions of dollars in illegal kickbacks to the defendant brokers in exchange for enrollments into the insurers' Medicare Advantage plans." Following news of the DOJ's lawsuit, SelectQuote's stock price fell 19.24%, to close at $2.56 per share on May 1, 2025.
If you suffered a loss on your SelectQuote 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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