SelectQuote Shareholder Alert: ClaimsFiler Reminds Investors of Lead Plaintiff Deadline in Class Action Lawsuit
Investors who purchased securities of SelectQuote, Inc. (NYSE: SLQT) between September 9, 2020, and May 1, 2025, are reminded by ClaimsFiler, a shareholder information service, that they have until October 10, 2025, to file lead plaintiff applications in a securities class action lawsuit against the company. The lawsuit is pending in the United States District Court for the Southern District of New York.
The allegations against SelectQuote and certain executives include failing to disclose material information during the Class Period, thereby violating federal securities laws. On May 1, 2025, the U.S. Department of Justice filed a False Claims Act complaint against the company, accusing it of receiving illegal kickbacks from health insurance companies in exchange for steering Medicare beneficiaries to enroll in the insurers’ plans. The DOJ claimed that SelectQuote engaged in a conspiracy with major insurers to discriminate against less profitable beneficiaries, including those with disabilities. Additionally, the DOJ alleged that the company made false claims by promoting “unbiased coverage comparisons” while directing beneficiaries to plans that paid them the most money, regardless of quality.
Following this news, SelectQuote’s shares fell by 19.2% to $2.56 per share on May 1, 2025. The case, titled Pahlkotter v. SelectQuote, Inc., et al., No. 25-cv-06620, is currently ongoing.
Investors who wish to learn more about the lawsuit or discuss their legal options can visit ClaimsFiler’s website or call toll-free at (844) 367-9658. Kahn Swick & Foti, LLC lawyers are available to assist with case evaluations.
ClaimsFiler’s mission is to help retail investors recover their share of billions of dollars from securities class action settlements. Investors can register for free on the website to access information and settlement websites for various securities class action cases, upload their portfolio transactional data to receive relevant securities case notifications, and submit inquiries for free case evaluations by the law firm.
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