Levi & Korsinsky announces that a class action lawsuit has been commenced in the United States District Court for the Northern District of California on behalf of investors who purchased eHealth, Inc. (“eHealth” or the “Company”) (NasdaqGS: EHTH) securities between October 31, 2014 and January 14, 2015.
The complaint alleges that the Company made false and/or misleading statements regarding its business, operations, and prospects. On January 14, 2015, the Company reported expected quarterly revenues of $43-45 million, and losses per share of $0.47 to $o.58, well below the consensus revenues of $56.2 million and $0.11 per-share losses. The Company attributed the revision in part to lower than expected applications for its Individual & Family Plan. As a result of this news, eHealth’s shares dropped almost 55% to $9.42 per share. If you suffered a loss in eHealth you have until March 27, 2015 to request that the Court appoint you as lead plaintiff. Your ability to share in any recovery doesn’t require that you serve as a lead plaintiff.
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