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Update in Lawsuit for Investors in Health Insurance Innovations, Inc. (NASDAQ: HIIQ)

02-05-2020 10:22 PM CET | Business, Economy, Finances, Banking & Insurance

Press release from: Shareholders Foundation

A lawsuit is pending for investors in Health Insurance Innovations, Inc. (NASDAQ: HIIQ) shares.

A lawsuit is pending for investors in Health Insurance Innovations, Inc. (NASDAQ: HIIQ) shares.

A lawsuit is pending for certain investors in shares of Health Insurance Innovations, Inc. (NASDAQ: HIIQ) over alleged securities laws violations.

Investors who purchased shares of Health Insurance Innovations, Inc. (NASDAQ: HIIQ) and currently hold any of those Health Insurance Innovations, Inc. (NASDAQ: HIIQ shares have certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.

On February 19, 2019, a lawsuit was filed against Health Insurance Innovations, Inc. (NASDAQ: HIIQ) over alleged violations of Federal Securities Laws. The plaintiff claimed that the Defendants failed to disclose to investors that a substantial portion of the Company's revenues were derived from third parties, 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, that regulatory scrutiny of these third parties would materially impact the Company's operations, and 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 July 19, 2019, a consolidated complaint was filed and on August 28, 2019, the defendants filed their motion to dismiss the case. On November 4, the Court issued an Order denying Defendants' Motion to Dismiss.

Those who purchased shares of Health Insurance Innovations, Inc. (NASDAQ: HIIQ) have certain options and should contact the Shareholders Foundation.

Media Contact:
Michael Daniels
Shareholders Foundation, Inc.
3111 Camino Del Rio North
Suite 423
San Diego, CA 92108
Tel: +1-(858)-779-1554
E-Mail: mail@shareholdersfoundation.com

About Shareholders Foundation, Inc.
The Shareholders Foundation, Inc. is a professional portfolio monitoring and settlement claim filing service, and an investor advocacy group, which does research related to shareholder issues and informs investors of securities class actions, settlements, judgments, and other legal related news to the stock/financial market. Shareholders Foundation, Inc. is in contact with a large number of shareholders and offers help, support, and assistance for every shareholder. The Shareholders Foundation, Inc. is not a law firm. Referenced cases, investigations, and/or settlements are not filed/initiated/reached and/or are not related to Shareholders Foundation. The information is provided as a public service. It is not intended as legal advice and should not be relied upon.

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