Lawsuit filed for Investors in shares of SelectQuote, Inc. (NYSE: SLQT)

An investor, who purchased shares of SelectQuote, Inc. (NYSE: SLQT), filed a lawsuit over alleged violations of Federal Securities Laws by SelectQuote, Inc..

Investors who purchased shares of SelectQuote, Inc. (NYSE: SLQT) have certain options and for certain investors are short and strict deadlines running. Deadline: October 15, 2021. NYSE: SLQT investors should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.

Overland Park, KS based Founded in 1985, SelectQuote (NYSE: SLQT) provides solutions that help consumers protect their most valuable assets: their families, health and property.

On May 11, 2021, SelectQuote, Inc. held a conference call in connection with its third quarter 2021 financial results during which it disclosed that its fourth quarter results would be impacted by a "negative cohort and tail adjustment" due to "lower second-term persistency for the 2019 cohort."

Shares of SelectQuote, Inc. (NYSE: SLQT) declined from $31.79 per share on May 03, 2021, to as low as $20.41 per share on May 17, 2021.

The plaintiff claims that between February 8, 2021 and May 11, 2021, the Defendants made material misrepresentations concerning the following, that SelectQuote’s 2019 cohort was underperforming, that, as a result, the Company’s financial results would be adversely impacted, 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

Those who purchased shares of SelectQuote, Inc. (NYSE: SLQT) have certain options and should contact the Shareholders Foundation.

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 lawsuits, 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.

This release was published on openPR.