Robbins Arroyo LLP: Health Insurance Innovations, Inc. (HIIQ) Misled Shareholders According to a Recently Filed Class Action

Shareholder rights law firm Robbins Arroyo LLP announces that a class action complaint was filed against Health Insurance Innovations, Inc. (NasdaqGM: HIIQ). The complaint is brought on behalf of all purchasers of HIIQ securities between August 2, 2017 and September 11, 2017, for alleged violations of the Securities Exchange Act of 1934 by HIIQ's officers and directors. HIIQ operates as a developer, distributor, and administrator of cloud-based individual health and family insurance plans, and supplemental products in the United States.

View this information on the law firm's Shareholder Rights Blog: www.robbinsarroyo.com/shareholders-rights-blog/health-insurance-innovations-inc

Health Insurance Innovations Accused of Hiding Legal Actions in Insurance License Application

According to the complaint, HIIQ reported positive second quarter 2017 financial and operating results, including exceptional top line growth and bottom line results, and predicted encouraging guidance for the full year 2017. HIIQ, however, allegedly failed to inform investors that the company's application for a key insurance license in Florida was rejected due to the state's Office of Insurance Regulation's ("OIR") discovery of undisclosed legal actions against HIIQ insiders. HIIQ further warned the OIR of the potentially disastrous "domino effect" that the rejection would likely cause, in turn leading the company to lose licenses in additional states. On September 11, 2017, SeekingAlpha.com published an article revealing the OIR's rejection of HIIQ's license application. On this news, HIIQ's stock fell $6.55 per share, or nearly 22%, to close at $23.35 per share on September 11, 2017.

Health Insurance Innovations Shareholders Have Legal Options

Concerned shareholders who would like more information about their rights and potential remedies can contact attorney Leonid Kandinov at (800) 350-6003, LKandinov@robbinsarroyo.com, or via the shareholder information form on the firm's website.

Robbins Arroyo LLP is a nationally recognized leader in shareholder rights law. The firm represents individual and institutional investors in shareholder derivative and securities class action lawsuits, and has helped its clients realize more than $1 billion of value for themselves and the companies in which they have invested.

Attorney Advertising. Past results do not guarantee a similar outcome.

Contacts:

Robbins Arroyo LLP
Leonid Kandinov
(619) 525-3990 or Toll Free (800) 350-6003
LKandinov@robbinsarroyo.com
www.robbinsarroyo.com

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