RM LAW Announces Class Action Lawsuit Against Health Insurance Innovations, Inc.
HIIQ shareholders may, no later than
This class action seeks to recover damages against Defendants for alleged violations of the federal securities laws under the Securities Exchange Act of 1934.
The complaint alleges that throughout the class period defendants made materially false and/or misleading statements, as well as failed to disclose material adverse facts about the company's business, operations, and prospects. Specifically, the complaint alleges that defendants failed to disclose to investors: (1) that a substantial portion of the company's revenues were derived from third parties; (2) that these third parties used deceptive tactics to sell the company's policies, including overstating the policy's coverage and/or selling under the licenses of employees who had no involvement in the underlying sales; (3) that regulatory scrutiny of these third parties would materially impact the company's operations; and (4) that, as a result of the foregoing, defendants' positive statements about the company's business, operations, and prospects were materially misleading and/or lacked a reasonable basis.
On
On this news, HIIQ's stock price fell
Then, on
If you are a member of the class, you may, no later than
For more information regarding this, please contact
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484-324-6800 |
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844-291-9299 |
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