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In this case, the lawsuit alleges that selectquote and certain executives misled investors about its business practices, causing financial losses when the truth was revealed. Investors learned the truth on may 1, 2025, when the doj filed a complaint alleging that from 2016 through at least 2021 selectquote received “tens of millions of dollars” in “illegal. Et al., was filed in august 2025

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The lawsuit alleges that selectquote misled investors by touting its services as “unbiased” while secretly prioritizing. Implications for insurtech and investor due diligence the selectquote case has sent shockwaves through the insurtech sector, exposing vulnerabilities in companies that operate in. Selectquote and other brokers conspired to discriminate against ma beneficiaries with disabilities

This news sent selectquote shares spiraling 19% lower on may 1, 2025.

Following a dramatic 19% plunge in its stock price on may 1, 2025, the company is now facing multiple lawsuits from investors who allege that selectquote misled them about its.