Health Insurance Innovations

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Case Summary
Company Name: Health Insurance Innovations
Stock Symbol : NASDAQ: HIIQ
Class Period Start: 02/28/2018
Class Period End: 11/27/2018
Lead Plaintiff motion: 04/22/2019
Date Filed: 02/18/2019
Type of Case: Securities Class Action
Court: U.S. District Court for the Middle District of Florida
Summary:

Thieler Law Corp advises investors with losses exceeding $100,000 of the April 22, 2019 lead plaintiff deadline in a class action lawsuit filed against Health Insurance Innovations, Inc. (NASDAQ: HIIQ) (“Health Insurance Innovations” or “the Company”). The suit is pending in the U.S. District Court for the Middle District of Florida and investors, who purchased Health Insurance Innovations securities between February 28, 2018 and November 27, 2018, have until April 22, 2019 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 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 mail@thielerlaw.com . 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 a substantial portion of Health Insurance Innovations’ revenue was derived from third parties; 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; regulatory scrutiny of these third parties would materially impact Health Insurance Innovations’ operations; and 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.

On November 27, 2018, a report published by Aurelius Value titled ''HIIQ: Boiler Rooms, ‘Worthless' Policies, and Defrauded Families,'' claimed, among other things, that more than half of the Company's revenues were derived from Simple Health and its affiliates and that a ''material portion'' of the Company's policies were likely ''contaminated by insurance fraud.''

Following this news, the Company's stock price fell from $33.13 per share on November 26, 2018 to $31.20 per share on November 27, 2018 - a $1.93 or 5.83% drop.

If you were negatively impacted by your investment in Health Insurance Innovations securities between February 28, 2018 and November 27, 2018 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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