NEW YORK, NY - October 8, 2025 (NEWMEDIAWIRE) - Kaplan Fox & Kilsheimer LLP announces that a class action lawsuit has been filed against SelectQuote, Inc. (“SelectQuote” or the “Company”) (NYSE: SLQT) on behalf of investors that purchased or otherwise acquired SelectQuote securities between September 9, 2020 and May 1, 2025 (the “Class Period”).
If you are an investor in SelectQuote and have suffered losses, you may CLICK HERE to contact us. You may also contact Kaplan Fox by emailing pmayer@kaplanfox.com or by calling (646) 315-9003.
DEADLINE REMINDER: If you are a member of the proposed Class, you may move the court no later than October 10, 2025 to serve as a lead plaintiff for the purported class. If you have losses we encourage you to contact us to learn more about the lead plaintiff process. You need not seek to become a lead plaintiff in order to share in any possible recovery.
On May 1, 2025, the U.S. Department of Justice (“DOJ”) filed a False Claims Act complaint against SelectQuote. The DOJ alleged that “[f]rom 2016 through at least 2021” some of the nation’s largest health insurance companies paid “tens of millions of dollars” in “illegal kickbacks” to SelectQuote and other insurance brokers in exchange for steering Medicare beneficiaries to enroll in the insurers’ plans.
On this news, the price of SelectQuote stock fell $.61 per share, over 19%, to close at $2.56 per share.
The class action complaint alleges, among other things, that throughout the Class Period, Defendants made false and/or misleading statements and/or failed to disclose: (i) that the Company was directing Medicare beneficiaries to the plans offered by insurers that best compensated SelectQuote, regardless of the quality or suitability of the insurers' plans; (ii) that SelectQuote did not provide unbiased comparison shopping for Medicare Advantage insurance plans; (iii) that SelectQuote received illegal kickbacks to steer Medicare beneficiaries to certain insurers and limit enrollment in competitors' plans; (iv) that as a result, SelectQuote had not complied with applicable laws, regulations, and contractual provisions; and (v) that SelectQuote was vulnerable to regulatory and legal sanctions as a result of its conduct, including claims that it had violated the False Claims Act.
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If you have any questions about this Notice, your rights, or your interests, please contact:
CONTACT:
Pamela A. Mayer
KAPLAN FOX & KILSHEIMER LLP
800 Third Avenue, 38th Floor
New York, New York 10022
(646) 315-9003
pmayer@kaplanfox.com
Laurence D. King
KAPLAN FOX & KILSHEIMER LLP
1999 Harrison Street, Suite 1560
Oakland, California 94612
(415) 772-4704
lking@kaplanfox.com
Contacting or submitting information to Kaplan Fox & Kilsheimer LLP does not create an attorney-client relationship, nor an obligation on the part of Kaplan Fox to retain you as a client.
https://www.kaplanfox.com/case/selectquote-inc/
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