SelectQuote, Inc.
SLQTSelectQuote, Inc. (SLQT) is a leading provider of insurance marketplace services, specializing in direct-to-consumer sales of life, health, and Medicare insurance products. The company offers insurance quotes, comparisons, and coverage options through its digital platforms and call center operations, helping consumers make informed insurance decisions.
Company News
Law firm Berman Tabacco is investigating potential stockholder claims against SelectQuote for allegedly receiving illegal payments from Humana and Aetna to steer Medicare insurance customers, resulting in a 20% stock decline.
The U.S. Department of Justice filed a false Claims Act complaint against SelectQuote, alleging illegal kickbacks and discriminatory practices in Medicare insurance plan referrals from 2016 to 2021, causing the company's stock to drop 19.24%.
A class action lawsuit has been filed against SelectQuote alleging the company made false statements about its Medicare insurance plan referral practices, potentially violating federal securities laws during the period of September 2020 to May 2025.
Law Offices of Frank R. Cruz reminds investors of an upcoming lawsuit deadline against SelectQuote for alleged securities fraud involving illegal Medicare insurance kickbacks and misleading investors between September 2020 and May 2025.
SelectQuote is under investigation by the DOJ for allegedly steering Medicare Advantage customers toward high-commission insurance plans and accepting illegal kickbacks, leading to a securities class-action lawsuit and significant stock price decline.
