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Investigation announced for Long-Term Investors in shares of eHealth, Inc. (NASDAQ: EHTH)

07-24-2020 12:31 AM CET | Business, Economy, Finances, Banking & Insurance

Press release from: Shareholders Foundation

An investigation on behalf of current long term investors in eHealth, Inc. (NASDAQ: EHTH) shares.

An investigation on behalf of current long term investors in eHealth, Inc. (NASDAQ: EHTH) shares.

An investigation was announced concerning potential breaches of fiduciary duties by certain directors and officers of eHealth, Inc. was announced.

Investors who are current long term investors in eHealth, Inc. (NASDAQ: EHTH) shares, have certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.

The investigation by a law firm for current long term investors in NASDAQ: EHTH stocks follows a lawsuit filed against eHealth, Inc. over alleged securities laws violations. The investigation on behalf of current long term investors in NASDAQ: EHTH stocks, concerns whether certain eHealth officers and directors are liable in connection with the allegations made in that lawsuit.

According to that complaint filed in the U.S. District Court for the Northern District of California the plaintiff alleges that the defendants misrepresented and/or failed to disclose to investors that it had highly aggressive accounting and modeling assumptions, that it suffered from skyrocketing rate of member churn, resulting from eHealth's pursuit of low quality, lossmaking growth, that it relied on direct response television advertising, which attracts an unprofitable, high churn enrollee, and that as a result of the foregoing, defendants' public statements were materially false and misleading at all relevant times.

Those who purchased shares of eHealth, Inc. (NASDAQ: EHTH) 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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