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APRIL 22 DEADLINE: Pawar Law Group Announces a Securities Class Action Lawsuit Against Health Insurance Innovations, Inc. HIIQ
Globe Newswire 20-Mar-2019 9:05 PM
NEW YORK, March 20, 2019 (GLOBE NEWSWIRE) -- Pawar Law Group announces that a class action lawsuit has been filed on behalf of shareholders who purchased shares of Health Insurance Innovations, Inc. (NASDAQ:HIIQ) from February 28, 2018 through November 27, 2018 inclusive (the "Class Period"). The lawsuit seeks to recover damages for Health Insurance Innovations investors under the federal securities laws. If you wish to serve as lead plaintiff, you must move the Court no later than April 22, 2019.
According to the lawsuit, defendants throughout the Class Period made false and/or misleading statements and/or failed to disclose that: (1) a substantial portion of Health Insurance Innovations' revenue was derived from third parties; (2) these third parties used deceptive tactics to sell Health Insurance Innovations' policies, including overstating the policy's coverage and/or selling under the licenses of employees who had no involvement in the underlying sales; (3) regulatory scrutiny of these third parties would materially impact Health Insurance Innovations' operations; and (4) as a result of the foregoing, defendants' positive statements about Health Insurance Innovations' business, operations, and prospects were materially misleading and/or lacked a reasonable basis. When the true details entered the market, the lawsuit claims that investors suffered damages.
A class action lawsuit has already been filed. If you wish to serve as lead plaintiff, you must move the Court no later than April 22, 2019. A lead plaintiff is a representative party acting on behalf of other class members in directing the litigation. If you wish to join the litigation, go to http://pawarlawgroup.com/cases/health-insurance-innovations-inc/ or to discuss your rights or interests regarding this class action, please contact Vik Pawar, Esq. of Pawar Law Group toll free at 888-589-9804 or via e-mail at info@pawarlawgroup.com.
No class has been certified. Until a class is certified, you are not represented by counsel unless you hire one. You may hire counsel of your choice. You may also do nothing at this time and be an absent member of the class. Your ability to share in any future recovery is not dependent upon being a lead plaintiff.
Pawar Law Group represents investors from around the world. Attorney Advertising. Prior results do not guarantee a similar outcome.
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Contact: Vik Pawar, Esq. Pawar Law Group 20 Vesey Street, Suite 1210 New York, NY 10007 Tel: (917) 261-2277 Fax: (212) 571-0938 info@pawarlawgroup.com
