SHAREHOLDER ALERT: Robbins LLP Announces that SelectQuote, Inc. (SLQT) is Being Sued for Misleading Shareholders

SAN DIEGO--(BUSINESS WIRE)--Shareholder rights law firm Robbins LLP announces that a class action was filed on behalf of all persons and entities that purchased or otherwise acquired SelectQuote, Inc. (NYSE: SLQT) securities between February 8, 2021 and May 11, 2021, for violations of the Securities Exchange Act of 1934. SelectQuote is a direct-to-consumer distribution platform that offers complex senior health, life, and auto & home insurance policies from a panel of insurance carriers.

If you suffered a loss due to SelectQuote, Inc.'s misconduct, click here.

SelectQuote, Inc. (SLQT) Failed to Disclose Underperformance of its PDP Products

According to the complaint, during the class period, SelectQuote failed to disclose to investors that its 2019 cohort was underperforming. On May 11, 2021, SelectQuote disclosed that its fourth quarter financial results would be impacted by a "negative cohort and tail adjustment" due to "lower second-term persistency for the 2019 cohort." On this news, the Company's share price fell $5.50, or 20%, to close at $21.90 per share on May 12, 2021.

If you purchased shares of SelectQuote, Inc. (SLQT) securities between February 8, 2021 and May 11, 2021, you have until October 15, 2021, to ask the court to appoint you lead plaintiff for the class.

All representation is on a contingency fee basis. Shareholders pay no fees or expenses.

Contact us to learn more:

Lauren Levi
[phone]
[e-mail]
Shareholder Information Form

Robbins LLP is a nationally recognized leader in shareholder rights law. To be notified if a class action against SelectQuote, Inc. settles or to receive free alerts when corporate executives engage in wrongdoing, sign up for Stock Watch today.

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