The Schall Law Firm, a national shareholder rights litigation firm, announces the filing of a class action lawsuit against Health Insurance Innovations, Inc. (Health Insurance Innovations or the Company) (NASDAQ: HIIQ) for violations of §§10(b) and 20(a) of the Securities Exchange Act of 1934 and Rule 10b-5 promulgated thereunder by the U.S. Securities and Exchange Commission.
Investors who purchased the Company’s shares between February 28, 2018 and November 27, 2018, inclusive (the ”Class Period”), are encouraged to contact the firm before April 22, 2019.
If you are a shareholder who suffered a loss, click here to participate.
We also encourage you to contact Brian Schall, or Sherin Mahdavian, of the Schall Law Firm, 1880 Century Park East, Suite 404, Los Angeles, CA 90067, at 424-303-1964, to discuss your rights free of charge. You can also reach us through the firm’s website at www.schallfirm.com, or by email at [email protected].
The class, in this case, has not yet been certified, and until certification occurs, you are not represented by an attorney. If you choose to take no action, you can remain an absent class member.
According to the Complaint, the Company made false and misleading statements to the market. Health Insurance Innovations derived a significant portion of its revenues from third parties. The third parties used deceptive practices to sell the Companys products, such as overstating policys coverages. Any regulatory scrutiny of these third parties would materially impact the Companys operations. Based on these facts, the Companys public statements were false and materially misleading throughout the class period. When the market learned the truth about Health Insurance Innovations, investors suffered damages.
Join the case to recover your losses.
The Schall Law Firm represents investors around the world and specializes in securities class action lawsuits and shareholder rights litigation.
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