Investigation announced for Investors in SelectQuote, Inc. (NYSE: SLQT) shares over potential Wrongdoing

An investigation was announced for current long-term investors in shares of SelectQuote, Inc. (NYSE: SLQT) over potential breaches of fiduciary duties by certain directors at SelectQuote, Inc.

Investors who purchased shares of SelectQuote, Inc. (NYSE: SLQT) 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 concerns whether certain SelectQuote, Inc. directors breached their fiduciary duties and caused damage to the company and its shareholders.

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.

SelectQuote, Inc. reported that its Total Revenue rose from $531.51 million for the 12 months period that ended on June 30, 2020 to $937.81 million for the 12 months period that ended on June 30, 2021, and that its Net Income over those respective time periods increased from $81.14 million to $133.66 million.

On February 7, 2022, SelectQuote, Inc. reported its financial results for the second quarter of fiscal year 2022. Among other items, SelectQuote reported a quarterly loss of $0.84 per share and a 45% year-over-year revenue decline. The Company's Chief Executive Officer Tim Danker attributed the shortfall to "unexpected challenges" in SelectQuote's Medicare Advantage business. In addition, SelectQuote updated its 2022 guidance to forecast a net loss of $255 million to $236 million. On this news, SelectQuote's stock price fell $2.99 per share, or 45.79%, to close at $3.54 per share on February 8, 2022.

Shares of SelectQuote, Inc. (NYSE: SLQT) declined from $9.42 per share on January 3, 2022, to as low as $2.80 per share on February 14, 2022.

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

Contact:
Christopher Clausen
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.