Shuman, Glenn & Stecker Investigates Health Insurance Innovations, Inc.
27 Enero 2020 - 3:18PM
Business Wire
Shuman, Glenn & Stecker announces that it is investigating
potential shareholder claims against certain officers and directors
of Health Insurance Innovations, Inc. (“HIIQ” or the “Company”)
(Nasdaq: HIIQ). HIIQ operates as a cloud-based technology platform
and distributor of individual and family health insurance plans,
and supplemental products in the United States.
The Firm’s investigation relates to allegations raised in a
class action complaint filed against the Company and certain of its
senior officers in the U.S. District Court for the Middle District
of Florida. The lawsuit alleges a widespread fraudulent scheme in
which agents at the Company’s call centers sold consumers
“essentially worthless” health insurance policies in a “classic
bait-and-switch” scam. The consumers believed they were purchasing
Affordable Care Act (“ACA”) compliant policies but were instead
sold limited benefit indemnity plans that were not ACA-compliant.
The complaint alleges these individuals were then stuck with
thousands of dollars of unpaid medical bills and penalties for not
having ACA-compliant insurance. The Federal Trade Commission
(“FTC”) eventually shut down the third party which ran HIIQ’s call
centers and froze its assets. On November 4, 2019, the federal
judge denied HIIQ’s motion to dismiss the class action claims,
paving the way for litigation to proceed towards trial.
If you currently own HIIQ common stock and are interested in
discussing your rights, or have information relating to this
investigation, please contact Brett Stecker toll free at (866)
569-4531 or email Mr. Stecker at brett@shumanlawfirm.com.
Shuman, Glenn & Stecker represents investors throughout the
nation, concentrating its practice in stockholder litigation.
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version on businesswire.com: https://www.businesswire.com/news/home/20200127005690/en/
SHUMAN, GLENN & STECKER Brett D. Stecker, Esq. 326 West
Lancaster Ave., Suite 110 Ardmore, PA 19003 Tel: 866.569.4531 Fax:
303.536.7849 Email: brett@shumanlawfirm.com Web:
www.shumanlawfirm.com
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