Health Insurance Innovations Inc
0 DAYS LEFT TO SEEK LEAD PLAINTIFF STATUS
|Company Name:||Health Insurance Innovations Inc|
|Stock Symbol :||NASDAQ: HIIQ|
|Class Period Start:||08/02/2017|
|Class Period End:||09/11/2017|
|Lead Plaintiff motion:||11/10/2017|
|Type of Case:||Securities Class Action|
|Court:||U.S. District Court for the Eastern District of New York|
Thieler Law Corp advises investors with losses exceeding $100,000 of the November 10, 2017 lead plaintiff deadline in a class action lawsuit filed against Health Insurance Innovations Inc (NASDAQ: HIIQ) (“Health Insurance” or “the Company”). The suit is pending in the U.S. District Court for the Eastern District of New York and investors, who purchased Health Insurance Innovations Inc securities between August 2, 2017 and September 11, 2017, have until November 10, 2017 to move for lead plaintiff. You do not need to move for lead plaintiff to be a member of the Class.
If you purchased Health Insurance Innovations Inc securities during the Class Period, and have losses over $100,000, you may contact Thieler Law Corp by calling at (619) 377 - 4324 or emailing firstname.lastname@example.org . No class has been certified in this case, and if your losses are less than $100,000 you are still a member of the class.
The complaint alleges that during the Class Period defendants made false and misleading statements and/or allegedly failed to disclose that Health Insurance Innovations’ application for a third-party insurance administrators license with the Florida Office of Insurance Regulation was denied due in part to material errors and omissions; the Florida Office of Insurance Regulation’s rejection of Health Insurance Innovations’ application for a third-party insurance administrators license could result in its losing licenses in the other states; and as a result, Health Insurance Innovations’ public statements were materially false and misleading at all relevant times.
On September 11, 2017, an article was published on Seeking Alpha claiming that in June 2017, one of the Company’s key license applications was rejected after regulators uncovered undisclosed legal actions against Company insiders; and the Company privately warned a Florida regulator that a rejection of its license application could create a “domino effect” whereby licensing denials would spread to the other states.
On this news, NASDAQ: HIIQ dropped more than 18% to close at $23.35 per share on September 11, 2017.
If you were negatively impacted by your investment in Health Insurance Innovations Inc securities between August 2, 2017 and September 11, 2017 and would like to learn more about this lawsuit and your ability to participate as a lead plaintiff, please contact us for your no-cost evaluation.
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Thieler Law Corp
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