NEW YORK--(BUSINESS WIRE)--Attorney Advertising--Bronstein, Gewirtz & Grossman, LLC is investigating potential claims on behalf of purchasers of MediaAlpha, Inc. (“MediaAlpha” or “the Company”) (NYSE: MAX). Investors who purchased MediaAlpha securities are encouraged to obtain additional information and assist the investigation by visiting the firm’s site: bgandg.com/MAX.
Investigation Details
On June 24, 2024, Wolfpack Research published an article entitled “MAX: Our Investigation Reveals MAX Is Participating in Consumer Fraud.” The article stated that it was “short the insurance lead generator, MediaAlpha, Inc. (NYSE: MAX) following our research into the company’s [Health Insurance] segment[.]” and that it believed “[MediaAlpha] uses dishonest and sometimes outright fraudulent ads along with deceptive websites to trick consumers into providing their personal information in exchange for a health insurance ‘quote.’ [MediaAlpha] then sells this information as raw lead data or uses it to generate clicks or calls for its lead-buying partners. Our investigation indicates as much as 78% of [MediaAlpha’s] Health [Insurance] lead-buying partners are running boiler room health insurance scams or are flagrantly violating laws concerning telemarketing.” Following this news, MediaAlpha stock dropped 5.3% on June 24, 2024, and 6.8% on June 25, 2024.
What's Next?
If you are aware of any facts relating to this investigation or purchased MediaAlpha securities, you can assist this investigation by visiting the firm’s site: bgandg.com/MAX. You can also contact Peretz Bronstein or his client relations manager, Nathan Miller, of Bronstein, Gewirtz & Grossman, LLC: 332-239-2660.
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Bronstein, Gewirtz & Grossman, LLC is a nationally recognized firm that represents investors in securities fraud class actions and shareholder derivative suits. Our firm has recovered hundreds of millions of dollars for investors nationwide.
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